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AspenTrading
Aug 2, 2022 2:51 PM

4085 Was The Spot To Get Long Today Long

E-mini S&P 500 FuturesCME

Description

Good Morning.

While all trades look easy in hindsight, they rarely are in real-time. Case in point this morning.

The S&P's struggled all morning and then experienced a sharp sell-off right into 4083....where a KEY Aspen S/R was waiting to provide the catalyst higher. Since then, it has been a straight shot higher with a target of 4122.

Dave
Comments
AspenTrading
4122 target was hit/exceeded and prices have now pulled-back a bit. Solid trade for Summer/August trading amidst some choppy price action.
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