Double Top S+P Futures 2797.75/Bearish Reversal Setup 7/11/18
ESU18 S+P Futures Sept.18'EMini could have double topped at today's high of 2797.75
In after-hours trading on 7/10, the futures just dropped 10 + handles in less than 10 minutes to 2785.50.
I saw a large 50 K Block trade in SPXS at 24.39, just prior to the futures sudden drop.
Watch RSI Closely, and use any unconfirmed rallies on 7/11/18 up to 2797.75 to enter a short position,
using 2797.75 as a tight stop.
Bearish Double Top Reversal would be confirmed on a break below ES 2778.00 on 7/11/18
THE_UNWIND
In after-hours trading on 7/10, the futures just dropped 10 + handles in less than 10 minutes to 2785.50.
I saw a large 50 K Block trade in SPXS at 24.39, just prior to the futures sudden drop.
Watch RSI Closely, and use any unconfirmed rallies on 7/11/18 up to 2797.75 to enter a short position,
using 2797.75 as a tight stop.
Bearish Double Top Reversal would be confirmed on a break below ES 2778.00 on 7/11/18
THE_UNWIND