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E-Mini S&P Breakout

Long
E-mini S&P 500 Futures (Sep 2017) (CME_MINI:ESU2017)  
acaitrader Updated   
CME_MINI:ESU2017   E-mini S&P 500 Futures (Sep 2017)
es_f S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) LONG
7
0
es_f spx500 spy long
COT report came out on Friday and we see another increase in Net long Positions in the S&P. For the bull flag to confirm we need to close above the top of the bull flag.
Comment:
Ideal Entry: 2400-2410

Entry if price breaks out from Friday's close: 2432

TP1: Previous highs 2451
Depending on the context at that point we could hold and move stop to 2451.

SL if you are able to get in closer to the ideal entry would be 2397.

SL If you get in on the bull flag breakout at 2425.
Comment:
Closed at market close.
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