S&P Futures 7/9/2020
ES at the hourly view. That pink line is a historical, multi-year resistance. As you may see, it's performing well as a resistance lately. The dashed red line above is the downtrend resistance since February. The green dashed line is the uptrend support since March.
ES may just have a pullback. I could long the VIX at the pullback if it reaches that dashed red line. If it pulls back earlier, then I could long the bounce at the green line.
ES may just have a pullback. I could long the VIX at the pullback if it reaches that dashed red line. If it pulls back earlier, then I could long the bounce at the green line.
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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.