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MisterBurkes

RSI Trendline Crossover Approaching for ES1, Watch for Breakout

S&P 500 E-mini Futures (CME_MINI:ES1!)  
MisterBurkes Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Trend Lines Technical Indicators S&P 500 E-Mini Futures S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) rsibreakout
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trendanalysis trendline indicator es1! spx500 spy rsibreakout
ES1! has been consolidating after hitting the daily low earlier during trading hours. Bears had a successful defense of the upper RSI trendline. Lower highs and lower lows on RSI have created two RSI trendlines that will reach a crossover point into the early morning trading hours and right before market open. Perfect timing for a breakout move.
Trade closed: target reached:
Upper RSI trendline was breached at 22:25.
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