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SPYvsGME
Aug 3, 2021 12:24 AM

ES EMINI Futures Triple Top Reversal Short

CME_MINI:ES1!240
E-mini S&P 500 FuturesCME

Description

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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



Double Top or Bottomtripletoporderflow
Comments
CJS04
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Just so you know.. this is called a bullish rectangle... look it up. Not being a wiseguy, just that's the pattern.
SPYvsGME
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@CJS04, thanks. I appreciate it.
BSDTrading
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SPYvsGME
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@BSDTrading, thanks! that is an amazing call!
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