glennmercer

S&P 500: Potential Short-Term Bearishness

Short
glennmercer Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Hey traders! There has been a wedge breakout to the downside. Keep an eye out for continuation. Should it occur, further downside to the two targets is likely before the uptrend continues. Cheers
Trade active:

There's the breakout! One way to trade this is to wait for consolidation on the 1 hour time frame and sell the continuation. Cheers
Trade closed: target reached:
T1 Complete. Still expecting more downside toward T2.
Trade closed: target reached:
T2 Achieved

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.