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E-Mini S&P 500: an “outside” day still with a failure to penetrate resistance!
The E-Mini S&P 500 failed to penetrate major resistance at $1337.50 again another day! The Weekly E-Mini S&P 500 Chart just turned bullish today, but that may change if we are unable to pick up some momentum. The White House is currently abuzz over the US Budget Deficits. The market surely lacked incentive to break through any key resistance. In the midst of the nuclear aftermath in Japan, the unrest in Libya, Syria and other countries, traders may just be a little cautious.
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