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TFC Commodity Trading Forum

March Emini/Bumping Resistance *PIC*

The March Emini is bumping up against the double top of Sept/Oct at 1460. Price would need to clear AND hold above 1460 to suggest all is clear with higher prices ahead. Price could clear and even just consolidate above 1460 to be bullish. Meanwhile resistance is resistance and this 1460 level is the big one. This market has had a 78 point range in the last three days plus so far today. Most realistic traders would have been stopped out on both sides of this trade recently with a range of that magnitude.