TradingView
InvestingScope
Jun 25, 2018 4:15 PM

Technical correction on 1D. Short. Short

E-mini S&P 500 FuturesCME

Description

The index is on an important break out point on the 1D Channel Up as if 2,710 breaks then the pattern will go for a complete Higher Low swing at 2,675. With 1H oversold (RSI, STOCHRSI, Williams, CCI), 5H on near exhaustion levels (RSI = 25.774) and 1D on very bearish Highs/Lows = -48.5357, B/BP = -44.0520, we expect a price near 2,680 before any meaningful recovery. Short, TP = 2,675.
More