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gr8fultrading

Inverse Reversal?

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
gr8fultrading Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Chart Patterns Head and Shoulders HEAD shoulders pattern trading sp500index S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) FOMC es_f
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chartpattern headandshoulders head shoulders pattern trading sp500index spx500 spy fomc es_f
With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern.

Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030.

Any crossing below 3845 invalidates this pattern.
Trade closed: stop reached
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