The_Unwind

Blastoff S+P Futures Challenging Major Resistance

CME_MINI:ESZ2018   E-mini S&P 500 Futures (Dec 2018)
The market's initial reaction
the new US/China Trade Truce Agreement
has been immediate, and rather Conclusive.

S+P Dec 2018 Futures have gapped up 35 points,
and are currently trading above 2800,
a 1 % move to the Upside.

Technical Analysis of the Breakout
suggests the CONTINUATION the Bullish Reversal
that began with a move above S+P 2670,
and now, apparently a breakout move
back above it's 200 Day Average at 2761

Expect an almost immediate test
of SPX 2815 MAJOR RESISTANCE
when the market opens
for trading on 12/3/18,
unless the rally fizzles overnight.

Bears can look at this rally for what it is.
And decide whether to step up, and
SELL THIS BREAKOUT RALLY TO RESISTANCE.
It will take guts.

ES Dec 2018 Futures LAST 2800.00

THE_UNWIND
12/2/18 730 PM
NEW YORK


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