SPYvsGME

ES EMINI Futures Triple Top Reversal

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
A triple top reversal has formed around a key orderflow level of 4370.

ES_F has been pinned to a key support level of 4370 for 10days and MACD is trending lower.

A Breakout below 4370 will complete the pattern.

S&P 500 has a steep hill to climb over the next 2 months.
  • Chip Shortage
  • China Tech Stocks
  • Poor $AMNZ earnings
  • Moratorium Ending
  • 10Y Yield Pullback
  • Fed walking back transitory
  • More Covid
  • Schools to Reopen
  • Debt Ceiling
  • Jackson Hole
  • September Pullbacks 2yrs in a row
  • Inflation Continues
  • QE Tapering