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BengalTigger
Apr 15, 2019 9:01 PM

ES :So close yet so far! Short

E-mini S&P 500 FuturesCME

Description

It has been a while! I was unwell but now back in the saddle!. Nice when even after a couple of Months, nothing really has changed. We are so close to ATH yet it seems like a struggle to get there. The green line at 88 is now support. That was resistance. We have been forming a big ass wedge and now price is compressing. My hunch is for a thrust out to around the 20-23 area and a sharp drop thereafter to break below. I think the 88 area is likely to hold the first time around but likely to break on the second try. I am not calling for back to 2300 but I think that the 2830 area is a likely candidate.
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