S&P 500 (SPX) : Support for /ES

Quick chart review based on the Daily Ichimoku chart.

From the chart, I am expecting support to be around 1089 on /ES

The support level is identified by the Chikou Span and it is also near to the support provided by the kumo.

So, despite the pre-market bearish outlook, I believe it will close above 1090.

Related posts:

  1. S&P 500 (SPX) : Ichimoku Chart reading as of Aug 16, 2010
  2. /ES Review as of August 31, 2010 (Pre-market)
  3. Sinovac Biotech Ltd (SVA) : Support at 6.28 breached
  4. S&P 500 ($SPX) : Watch the support!
  5. S&P 500 (SPX) : Something for the bears to look forward to