US Equity index futures technical analysis for this last trading session of 2020
Futures remained conflicted into the last few days of the year finding resistance above 3747.75 and finding support at 3711. These range bound conditions will likely prevail into the close of the futures cash session today and into settlement for the year 2020. I am not expecting any crazy breakouts to the upside today as volume remains muted for this last trading session of the year. The USD continues it's leg lower and the basket of currencies it is measured against such as GBP, EUR, JPY, CHF etc all trended higher.
For this last trading session, we present this support and resistance based technical analysis for the Emini S&P futures. Whether you trade the mini or the micro contracts, this setup will work for intraday price speculation:
As always, trade this last low-volume trading session with caution. The overnight inventory remained mixed for the Emini S&P which combined profit-taking off longs with new longs entering the market.
Reprinted from FXStreet，the copyright all reserved by the original author.
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