From Investing.com: 2024-09-16 08:07:00

The S&P 500 E-Mini Futures market formed a retest high after last week’s pullback to the 20-week EMA. Bulls hope for a breakout into new all-time high territory, while bears seek a reversal from a lower high major trend or a double top bear flag. The recent rally tested the August high and a strong rally with a small second leg is expected. The market may gap up on Monday with odds favoring higher trading. The bears want a follow-through bear bar, while the bulls aim for a retest of the August high and a strong breakout above. Trading at new all-time high territory is anticipated.



Read more at Investing.com: E-Mini Futures Rally Above 20-Week EMA as Bulls and Bears Face Off On August High