TrueTraderOfficial

Sunday Prep 6/27 - Favoring Longs on Stocks (that behave well)

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog

---
All I can say is “That is one HELLUVA weekly candle” from last week!

Daily on the $ES1! shows we have near-term support at the 20d (4222), the quarterly pivot (4199.25), and the 50d (4186.75).

Above, only resistance within sight is the monthly pivot up around 4366.

Market looks good and I am willing to put capital into long ideas on stocks that are behaving well with this market.
Trade closed: target reached

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.