S&P 500 E-mini Futures Index Stalls Below Resistance

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As at 6:30 pm ET tonight (April 11) the S&P 500 E-mini Futures Index (ES) is trading just below a couple of intraday resistance levels, namely, 2649.51 (40% Fib retracement level) and 2660 (triangle apex), as shown on the following 60 minute (extended hours) chart. The momentum indicator is just above zero.

We’ll need to see a clear break and hold above or below this triangle, with corroborating momentum, to gauge direction and sustainability. Whether that happens by Friday is anybody’s guess at this point, particularly with the Syria issue still developing.