The S&P 500 futures contract is currently in balance. This is a sign of indecision in the market.
Balance always leads to excess to either the upside or downside. If we break above 4455 and find support we'll break out higher. If we trade below 4377 and find resistance above we'll trade lower. Note that both a look above fail and a look below fail are also in play.
Balance always leads to excess to either the upside or downside. If we break above 4455 and find support we'll break out higher. If we trade below 4377 and find resistance above we'll trade lower. Note that both a look above fail and a look below fail are also in play.
Note
4385 may also be considered the balance area low.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.