DHLawrence

the battle continues... down, up, breakout ... but which way?

CME_MINI:ES1!   S&P 500 E-mini Futures
Looking for the battle to cascade off the yellow lines down to the 3144 area. this battled is predicated by a similar reversal at the long range support a week ago.
the bulls will then run up the lower support line (white) to battle it out with the longer range resistance (blue).
Who will win this critical convergence? I see two blue resistance vectors close overhead, and only one white support vector, with the next support level way down at 3000.

Is anyone getting on the VIX in-case it breaks down?

So excited to see how this battle palsy out over the next few days!

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.