SPX (chart is ES_F) has similar set up as its trading in low volume area, so a ST push higher is likely with such little traffic directly above.
As you can see, the head shoulders pattern has already played out and now we may be looking at a test on the broken neckline from this pattern.
Bounce Zone providing sufficient support so far (but that can change quickly so stay nimble)
ES_F daily chart below
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BTW@Neo888 did kick off thread before me but I was busy writing so didn't see. Oops.
Easier to reply to this thread though as above post is add on from the last
Good luck this week all the same.
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |