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Negative breakout on S&P500

Negative breakout on S&P500

S&P 500 E-MINI FUTURES CME_MINI:ES1!

So we have a new postive trendline that the price has struggled to keep up with now after the correction that occurred late March16. This chart shows a symmetrical triangle/wedge breakout to the negative. First significant support now is at 50 SMA on the daily chart at 2045. Strong resistance at breakout and Fibo 38,2 level at 2058.