Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

S&P 500 ($ES_F) Shift to a Negative Range Theme

Posted by on in Equity Index Chart Updates
  • Font size: Larger Smaller
  • Hits: 1206
  • Print
S&P 500 ($ES_F) Shift to a Negative Range Theme

We stated in our last report to clients that "we still see an underlying bull tone whilst above 2079.25, but see real risk of a challenge here early this week (today?) and potentially for a shift to a broader range theme".

The push below here sets a range environment now into mid-June, with a negative bias into Tuesday.

For Today:

We see a downside bias for 2073.5; break here aims for 2069.25, maybe closer to the key 2057.0 level, which we would look to try to hold.

But above 2093.25 opens risk up to 2102.75, which we would look to try to cap.

Short/ Intermediate-term Range Parameters: We see the range defined by 2057.0 and 2120.75.

Range Breakout Challenge

Upside: Above 2120.75 aims higher for 2134.0 and 2150.0.

Downside: Below 2057.0 sees risk lower for 2038.0, 2030.25 and maybe even 2013.75.



If you want to see more, you can view the full S&P 500 E-mini report with screencasts, levels and day trade views - click here

And remember, for a FREE trial of our Equity Index Futures and all other reports sign up by clicking here


2 Hour S&P 500 E-mini Future Chart (June contract)


Daily S&P 500 E-mini Future Chart (June contract)  


Last modified on
Rate this blog entry:

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.

He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).

Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.

Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.



  • affiliatelogos.png



  • users1.png
  • users2.png
  • users3.png
  • users4.png