PavanKulkarni

Trending Higher..! A Long idea..

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
EMINI SP has been trending higher session after session. The Trend looks completely healthy and there seems to be nothing that is contraindicating the current Major Bias.

Hence, with the established Structure in context, a major buying opportunity is at the Marked Zone. The price is very likely to fall back in the direction of the trend at the zone.
If the price manages to dip below the zone, I will be looking for the Price Action information around the Key Trend Reversal Level for any change in the Short Term nature of the trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.