S&P Futures

S&P Futures Technical Analysis 27.10.2023

At the beginning of the year, ES1! started at a price of $3895. By the end of July, it had seen a 19% increase, reaching $4634.50, but it is currently trading at $4166. We are experiencing a mid term downward trend. In the short term, it is currently within a support zone, and from here, we may witness an increase to $4200, followed by a rise to $4250. In the event of further downward movement, potential support levels are $4100 and then $4000. It is of great importance for it to remain above the annual opening level, which is $3895, by the end of the year.