ES Long, Potential Golden Cross setting up
Loving the price action in the market. There has been some very strong momentum and volume along with positive to neutral news that seems to be allowing the price to consolidate a bit. We are looking at the 50 sma converging with the 200 which tends to be bullish for the markets. In addition it appears to me that we have a triangle setting up. Eyes are on this market with reason to be going up or down. I am confident in the economy but the looming effects of a second wave of COVID - 19 in Sept, Oct or Nov seems to be keeping traders on their toes! Happy investing.
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