S&P 500 future Technical Update on 10 October 2017

E-mini S&P 500 future is trading today at 2548 with gain. For month of October, E-mini S&P 500 future opened strong above support of 2495 and then hit my October technical target of 2545 and now consolidating around this level ad building base before moving upward towards 2570 target level. Above 2545, S&P 500 future will remain buy and accumulate for target 2570. And above 2570, S&P 500 future will enter super bullish trend for month of October, for next swing targets of 2590 and then 2620.

E-mini S&P 500 daily chart set up showing, prices are in uptrend with strong buying momentum after consolidation and trading above major averages. On downside 2544 is 5 days average level and below it 2525 is 20 days average and 2495 is 50 days average support zone. Daily chart RSI is at 75 with fresh continuation buy signal. While MACD is at 18 with bullish divergence.

E-mini S&P 500 future from long term view, hit 2017 first investment target of 2410 in month of May 2017 and now heading towards next investment target of 2580 and might achieved this target in this month. If gives weekly and monthly closing above 2580, then expect super bullish long term trend in 2017 with price targets 2875 and then 3045.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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