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sngyuchao
May 14, 2018 4:44 AM

ES long, short, long 

E-mini S&P 500 FuturesCME

Description

ES has moved up in a straight line fashion since breaking out of the triangle. However, it may have overextended itself in the short-term. I would be surprised if it doesn't correct before moving up again.

If you look at the RSI, there is also a potential divergence coming along. That is to say, unless ES keeps moving up strongly for an extended period of time, RSI WILL diverge. The projection that I gave is based purely on Fibonacci levels.

Trade closed: target reached

Outdated but targets reached.
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