PivotBoss Commentary

E-Mini S&P 500 Recap and Outlook

The E-Mini S&P 500 endured a bit of a roller coaster day, as the release of the FOMC Meeting minutes led to some great volatility and big price swings. The ES initially sold off after the release, but buy programs kicked in 2 ticks above an unfilled gap at 1635.75, which sparked a rally of 18.50 points over the next 40 minutes.

PivotBoss Commentary

E-Mini S&P 500 Key Levels and Analysis

The E-Mini S&P 500 has definitely gone lower since its inability to climb above the 1700 to 1702.50 zone, reaching price levels as low as 1641 during the decline. There’s likely more downside ahead, but we must figure out if the market is going to see a short term bounce ahead of the next major wave of weakness.