Hadapan S&P 500 E-miniPanjang
ES Bulls Must Hold
Pretty wild day today. SPY finally broke its streak of not having a -2% day or worse, it had been on the longest streak since 2007. Major weakness for the mag 7 and semis for the first time really since fall of 2023.
I think we'll see a bounce here for several reasons, one of which is this trendline on ES that started back in March. We had huge breakout in early June when ES broke above it and it has not retested since until today. We closed nearly right on it. I'm not sure how big of a bounce we'll get, but I think we'll have a decent one.
If no bounce, I would think it's just going to get a lot worse quickly.
I think we'll see a bounce here for several reasons, one of which is this trendline on ES that started back in March. We had huge breakout in early June when ES broke above it and it has not retested since until today. We closed nearly right on it. I'm not sure how big of a bounce we'll get, but I think we'll have a decent one.
If no bounce, I would think it's just going to get a lot worse quickly.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.