ES Bear Market Potentially Over

Panjang

Hadapan S&P 500 E-mini (CME_MINI:ES1!)

Telah dikemas kini

CME_MINI:ES1! Hadapan S&P 500 E-mini

After two months of Bullish activity, price has just broke out of the major down trend line that has been in place since the correction started back in January. I expect price to use the back side of the trend line for a bounce back into a bull run up to at least 4600.00 Price is almost at the 0.618 Fib retracement. Either this is a breakout with the continuation back to 4600 or it is a false break reversal and will sell off back down to 3600. Will have to monitor price but at the moment I will keep bullish as I have been since the start of July.

Komen:

This looks like a back testing of the broken trendline for a bullish move back up

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.