frodo75

Overnight attempt to breakout and consolidate above SPY 290.

CME_MINI:ES1!   S&P 500 E-mini Futures
This second attempt to breakout and consolidate near 0.618 retrace will be closely watched. If it fails again, it could start selling with a double top. Big money must feel confident to retry so soon. If they can hold 290 by close tomorrow, it will start a move up to 0.786 retrace and higher. Doesn't make sense, doesn't it?! Yup.
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.