Hambooger

Weekly S&P500 Futures Adjustment (January 24th 2021)

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
S&P 500 E-Mini Futures (ES) (January 24th 2021 through February 9th 2021)

Low: 3,826 points
High: 3,920-3,951 points

I think its time for me to adjust my most recent ideas into something more bullish looking. I originally thought the S&P 500 would touch around 3,800-3,900 points and that would be it, but 4,000+ seems very viable. I thought maybe the recent moves would bring a retrace as low as 3,600 points but that might not happen, and we could be on a pretty decent path to 4,259 points before a major retrace. 4,900-5,000 points could very well be a viable future target coming up within the next calendar year.

The red box range is my Cindicator forecast for the week!

Related ideas for my process of coming to these conclusions attached below:


Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!