InvestingScope
Short

Consolidation on 4H. Still a lower gap to fill. Short.

CME_MINI:ES1!   S&P 500 E-mini Futures
S&P has entered a consolidation on 4H with a Rectangle (yellow box) dominating the trade since the 2,700 support was tested (neutral RSI , STOCH , Williams, CCI , Highs/Lows). 1D remains bearish ( MACD = -3.140, B/ BP = -27.8660) but since it is now on neutral RSI , Highs/Lows, the downside is limited to 2,683.75. We update the TP to 2,685. This means that the Channel Up on 1D is near its technical Higher Low and after 2,685 will crise to at least 2,785 again.
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