Gerardz

S&P 500 Long Swing Trade Idea

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
Following up on my last week analysis the price retraced as anticipated. The August buy side imbalances have been rebalanced with Friday candle closing within the indicated imbalanced price range. My anticipation for the coming week is that we might see the price bouncing immediately to the upside on Monday or another push lower to close the gap either on Monday or Tuesday. If we see the price being supported there my targets for scaling out will be the gap above the current price with buy stops just below the gap, and then targeting the September high. We’ll see how it plays out. I
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.