News/propaganda about Brexit – the referendum on Britain leaving or staying in European Union – drove the ES bounce yesterday, but the price still stopped its advance below the major psychological resistance at 2100.
Today the Brexit accusations and counter accusations will continue. A fill of the 2059 gap still should be expected, especially if ES fails to move back above 2079.50-81.50 zone overnight and breaks the 2068.25 support line.
The daily PMO indicator holds up near its neutral area, and the slow STO indicator moves out from oversold territory and approaches neutral area too. Both indicate that 2059-60 still has a chance to be retested once.
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Short-term === Neutral
MEDIUM TERM === Neutral
LONG-TERM === Bullish
Support and resistance
Major support levels: 2055.50-53.50, 2043.50-42, 2035.50-32
Major resistance levels: 2093.50-95.50, 2100-03.50, 2114-15.50