Tradeciety
Long

S&P Bullish breakout?

CME_MINI:ES1!   S&P 500 E-mini Futures
The S&P E Mini shows pre-breakout behavior. The price is currently breaking the 2608 resistance level . The candle is currently not closed and, thus, it is not a confirmed signal. At the same time, the price is also pushing into the upper Donchian channel which is also a bullish sign. But both signals need the confirmation of a candle close.

The 100 period MA (50 Daily MA) is waiting above price.

If the breakout succeeds, I identified two likely targets based on previous resistance levels.

If 2608 holds, 2514 could be the alternative downside target. However, the way the price action has developed lately, a bullish continuation is probably the more likely scenario.
I have been trading for 15 years!

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The target is almost reached. New update coming soon once this one has been completed
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please could you kindly provide the name of the indicator that provides daily highs and lows on your chart
+1 Reply
Tradeciety LikwidWealth
@LikwidWealth, It is called Donchian channel
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