The Emini S&P 500 has plotted a new Quarterly Profile within the Zone-Trader Model. The Zone-Trader Pivot within the new profile will be a crucial price level to key in on over the next few trading days. The price of the Zone-Trader Pivot is now 1383.50.
Currently the Monthly Profile has failed to confirm a bearish downtrend and is attempting to revert back to the Zone-Trader Pivot on the Monthly Profile at 1393.00. Look for buys in short, to medium term time frames.
Remember the ESM12 has to get above 1383.50 the Zone-Trader Pivot on the Quarterly Profile in order to continue up-trending and eventually reach our 1st target at 1393.00 the Zone-Trader Pivot on the Monthly Profile.
If the ESM12 cannot get above the Quarterly Profile Zone-Trader Pivot at 1383.50 then look for reversals with a target at 1367.75 the Zone-Trader Pivot on the Weekly Profile.
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