the two major points are marked for short as yellow lines for SPX big reversal , i expect a major pullback from all of this area for SPX here
ES made a beautiful "failed breakdown" and squeezed the shorts for a huge run up to 4200. The purple main channel is now acting as resistance, along with 4200. If we can hold 4165 and base, I think the next 4200 test could see a breakout. Whether we hold or not, no one knows. But this is exciting! I will try longs around 4165.
Will ES continue to break down the main channel support? If we do not hold 4150, I believe we will see a much needed cool off and a main channel retest around ~4120. I played a short overnight for 20 points for a measured move of yesterdays leg. I believe we will see a small bounce to retest the uptrend, then see continuation down to the main channel as we have...
recent pullback not base on bad news(force new trader ,low exprence trade to inter sell) ,so dont fear, trend is very + and sp500-dow-dax will go up and break high soon if you have sell you must 100% close it near fibo 61% 3770 and pick buy and wait to 4070 SECRET=when price is above daily Ema200(orange line) never sell ,looking for buy ,buystop on 15min last...