S&P 500 E-mini FuturesUpdated S&P quick Bounce but don't be fooled
ES made some considerable moves to the downside this week. Now it is time to partially rebalance those scales.
My expectations for the first few days of this week:
Monday-Tuesday-
Upwards retracement with price being pulled upwards by 4553.
Once there I will look for area rejection signs for our next leg down to the 4483.25 target.
My expectations for the first few days of this week:
Monday-Tuesday-
Upwards retracement with price being pulled upwards by 4553.
Once there I will look for area rejection signs for our next leg down to the 4483.25 target.
Trade active
With DXY's nice retracement we see ES making a nice move towards rejection zone. Mind you it is still Monday morning and all this groud was covered during the Asia and London session not expecting much out of NY but Chop this Monday.Note
ES accepting its downfall did was not able to gather up the courage to find a higher high than what it gave us...Note
CPI did a really great job of creating a Price action movement that truly left us in no mans landNote
Note
Note
Trade closed: target reached
Note
Just in case you were wondering!
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Related publications
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.
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Related publications
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.