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InvestingScope
Sep 17, 2018 6:55 AM

1D Channel Up continuation. Long. Long

E-mini S&P 500 FuturesCME

Description

S&P honored the 2,865 Higher Low made last week and the 1D Channel Up (RSI = 63.296, MACD = 13.170, Highs/Lows = 3.3571, B/BP = 23.3900) rebounded above 2,910, in pursuit of the ATH benchmark. We decided to close the 2,878 long at 2,910 and secure this position and leave only one for the ultimate TP = 2,930. The potential Higher High of both the 1D Channel Up and the 1W Channel Up (next cross point) remains 2,966.75. This is where the next pull back is expected.
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