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RizeSenpai

/ES: Setting up for a Potential Move up From Support Zone

Long
S&P 500 E-mini Futures (CME_MINI_DL:ES1!)  
RizeSenpai Updated   
CME_MINI_DL:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern indicator spx spy
The Futures market went down a lot after the CPI release and stopped at a congestion zone which may act as a support level. If it does, I think we could at least recover the $4995-$5000 area, which could be good for Bull Put Verticals
Trade active:
While it did wick to the extremes of the support zone, it managed to hold the trend and the support at the end of the day and printed a Bullish Hammer which may now mark the start of a reversal for the rest of the week. As a result, I have held on to the Bull Put Vertical Spreads.
snapshot

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