S&P: Near its long term Buy Zone. Be ready to long.

CME_MINI:ES1!   S&P 500 E-mini Futures
The index is suffering the technical consequences of the 3,025 - 3,030 Double top earlier last month and is aggressively pulling back within its 1W Channel Up ( RSI = 47.427, MACD = 35.000, ADX = 33.659) having crossed all 1D Support levels.

It is now approaching the Higher Low Zone (green) and the 1D MA200 which has always acted as a strong Support through out this bullish pattern . We are turning into buyers aiming at 3,000 - 3,025.

Attention is needed however and willingness to exit this trade if the 1W Support breaks. The reason is that will indicate that the Double Top was an official failure to extend the long term bullish trend and selling can escalate towards the 2019 Lows.

** If you like our free content follow our profile ( to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
that is the name of the game, it is not going up without flooring down first for a jump! Would it be 3K or 7.4K? Judging by potential rise, it got to be lower one...
Take good care, it might go all the way down to 2810 - 2820 before it bounces off. That's my current assessment. YMMV
Waiting to see if we get 2840 area to improve R/R looking for a bounce. Ty 4 post!
r u buying?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out