Premium_Tendies

S&P 500 E-Mini Futures Rising Wedge

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Fed has played their cards. GDP printed -4.8% and will probably print between -20% to -40% in Q2. S&P 500 is being held up by the performance of a handful of companies. This buying frenzy will peter out soon and once the wedge breaks, my bias is that it will break downwards.
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.