Clear Titanic Pattern

Short

S&P 500 E-mini Futures (CME_MINI:ES1!)

Updated

CME_MINI:ES1! S&P 500 E-mini Futures

It appears to me we have entered a clear bearish sinking Titanic pattern with major lifeboat support coming in at around $3800 on ES.

Comment:

WOW lifeboat support really aided bulls, but only in the short term. Could be used to retest as resistance in the case of a rally. The real move will come soon and take a trip down to the Mariana Trench ~3000.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.