We went live to analyze the E-mini S&P 500 futures market

Technical and political resistance overhead for the E-mini S&P 500

 

The talking points that were previously holding the stock rally in check seem to be slowly resolving themselves; a draft Brexit deal is making its way to an MP vote, the Chinese trade relations are thawing, corporate earnings are slated to beat low-ball estimates, the Fed has met the market’s accommodation demands, and the employment situation can’t get much better than the current (aside from additional wage growth). However, will there be enough fresh good news to keep buyers interested? Maybe, but we doubt it given the upcoming obstacles.

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