Equities

December-2015 SP-500 Futures Retracement Update

The upward move in the eMini SP-500 December-2015 futures contract shows the Fibonacci retracement still has more upside, with potential targets at 2067 and 2086. There is significant resistance at the latter price level. If the futures can make it beyond these levels, the bullish outlook would obviously increase. (See chart below.)

Note that this is a one-hour intraday chart I am using for today’s analysis.

 

dec-15 emini sp500-11-17-2015
Click to enlarge

 

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