Overbought with daily RSI at 69 and weekly at 73. Also forming a bearish raising wedge (broken orange TL and the pink TL). Looking for a pullback to 20 SMA at 34, which is also a confluence of support and resistance trendlines.
Guesstimates on June 16, 2026
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*September S&P E-mini futures: *The 8200 level is likely by the end of the
year. In the meantime support at 7300 was reached, ending the drop from
7693.
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8 hours ago
