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AlfonsoMoreno

S&P500 futures index is about to break all time highs

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
AlfonsoMoreno  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Support and Resistance Supply and Demand S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) indextrading futures futurestrading futuresmarket
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trendanalysis supportandresistance supplyanddemand spx500 spy indextrading futures futurestrading futuresmarket
S&P500 futures index is about to break all time highs again breaking the weekly supply barrier at 2879. Clear long term longs bias with new weekly and demand demand levels being created. Expecting a breakout of all time highs that will probably last for a couple of weeks before it retraces again.

A very similar scenario has already happened on Russell 2000 and Nasdaq futures indexes. Similar weekly supply zones have been eliminated and price retraced to the newly created weekly demand level.
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