Strong Reversal Near 2800..No You Don't Dare Go There
Overnight buyers , in the S+P 500 March Futures
seemed to have gotten a little ahead of themselves,...
turning themselves into sitting ducks, when larger "no you don't dare go there"
sellers reversed their advance, as nighttime turned to day this morning
and with that, the buyers first encroachement of the 2800 area.
I view 2800 in S+P Futures as "the 'Major Resistance Area
for big money bears.. to defend, and resist, at all cost.
Reletive strengh, shown here on the 15 minute chart here
shows a strong confirming downside break with price this morning.
Now,..Do you think the bulls will try that again,.. in the full light of day ?
ES Last 2784.00
THE_UNWIND
2/21/19
NEW YORK
seemed to have gotten a little ahead of themselves,...
turning themselves into sitting ducks, when larger "no you don't dare go there"
sellers reversed their advance, as nighttime turned to day this morning
and with that, the buyers first encroachement of the 2800 area.
I view 2800 in S+P Futures as "the 'Major Resistance Area
for big money bears.. to defend, and resist, at all cost.
Reletive strengh, shown here on the 15 minute chart here
shows a strong confirming downside break with price this morning.
Now,..Do you think the bulls will try that again,.. in the full light of day ?
ES Last 2784.00
THE_UNWIND
2/21/19
NEW YORK