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ValkyrieBlue

This is NOT a Cup and Handle Pattern - SPX, ES1!

Short
S&P 500 E-mini Futures (CME_MINI:ES1!)  
ValkyrieBlue  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) S&P 500 E-Mini Futures
4
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trendanalysis chartpattern indicator spx es1!
On first sight, this appears to be a textbook cup and handle. However, volume continued to decline during the uptrend and there is a divergence on RSI. These indicators show that the underlying price is weak and will not rally further.

THIS IS NOT FINANCIAL ADVICE. THIS IS MY OPINION. TRADING INVOLVES RISK.
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