Get started
TheTraderMoes

/ES Futures Analysis (Bullish Channel Breakout)

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
TheTraderMoes  
CME_MINI:ES1!   S&P 500 E-mini Futures
Chart Patterns Trend Analysis Technical Indicators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) futures
1
0
chartpattern trendanalysis indicator spy spx futures
Futures are hot and it seems the extended bull flag / descending channel is breaking right now. Note the 50 SMA retests that held the trend previously (indicated by the circle). If this buying momentum continues, the market can reverse pretty strong with a fundamental shift out of bigger growth names. A notable laggard on the day was $AMZN which closed extremely bearish, as well as $FB. Over the 392 level on $SPY will be a nice bullish zone for tomorrow. Happy trading!
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.