eminialgos

S&P 500 Short term outlook

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
The 4 hour trend rolled over into negative territory yesterday with the bull biased model breaking the LRX trend but there has been no positive move on the bear biased model. I have drawn a trend line on the indicator as the bear model has popped up and through the LRX line several times with no affirmation. That would no be surprising since even now, the S&P 500 maintains its always bullish bias. That said, there should be an opportunity to trade some ups and downs over the next week with decent moves
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.