FULL RECOVERY, TREND & RESISTANCE IDENTIFIED | S&P500 ES1! DAILY
#s&p500 #tradingfuture #future #trend #election
The #S&P500 is evolving above the prices of January. The recovery done what is next.
We have identified all channels of potential moves.
The middle bleu line being the probable center of the movement initiated during this recovery.
The red line on the top is a #strongresistance difficult to break and we have seen the #ES1! market price evolving under the central blue line.
We have overall a big range horizontally and some paralleled up #trending channels.
The latest candle stick could probably be a #pullback on that blue line. Keep an eye on evolution.
Another possible pullback on the top red line could be possible as well. Then it would be a nice entry point for a short direction trade.
For the time being, medium probability of seeing the market testing the black horizontal line being a possible super #strongsupport. Pullback up front here could probably also to happen.
Thank you for your shares and support. Hope that my idea give you another vision of this market.
The #S&P500 is evolving above the prices of January. The recovery done what is next.
We have identified all channels of potential moves.
The middle bleu line being the probable center of the movement initiated during this recovery.
The red line on the top is a #strongresistance difficult to break and we have seen the #ES1! market price evolving under the central blue line.
We have overall a big range horizontally and some paralleled up #trending channels.
The latest candle stick could probably be a #pullback on that blue line. Keep an eye on evolution.
Another possible pullback on the top red line could be possible as well. Then it would be a nice entry point for a short direction trade.
For the time being, medium probability of seeing the market testing the black horizontal line being a possible super #strongsupport. Pullback up front here could probably also to happen.
Thank you for your shares and support. Hope that my idea give you another vision of this market.
