E-Mini 100 DMA Support Breached

Tyler Durden's picture

The bullish chartist and Johnny 5 portion of the stock market (which is about 99%) can not be happy: the next ES support is at the swing low of 1241.25, although the 200 DMA looks like a target at 1237.85. We believe a firm bottom exists at 400. And for all those asking, today's ES volume was the 2nd highest since March.

The 200 DMA support: