S&P500 futures index is about to break all time highs
S&P500 futures index is about to break all time highs again breaking the weekly supply barrier at 2879. Clear long term longs bias with new weekly and demand demand levels being created. Expecting a breakout of all time highs that will probably last for a couple of weeks before it retraces again.
A very similar scenario has already happened on Russell 2000 and Nasdaq futures indexes. Similar weekly supply zones have been eliminated and price retraced to the newly created weekly demand level.
A very similar scenario has already happened on Russell 2000 and Nasdaq futures indexes. Similar weekly supply zones have been eliminated and price retraced to the newly created weekly demand level.
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.