S+P Futures Multiple Hour Indecision Pattern Breakout Imminent!
S+P Futures are locked tight in an ascending wedge, a triangle formation,where a downside resolution is the technical expectation.
Price movement being compressed tighter by the hour !
into a pattern of Resistance with highs formed, and higher trend line lows rising up to resistance.
There is Quadruple Top Resistance in the pattern between ES 2740-2745,
and at the same time, a rising bottom support line building in ES from 2700 up to 2730.
A multiple hour breakout in the pattern is IMMINENT, possibly timed around the U.S jobs report release on 7/6/18 830 am EDT
THE UNWIND
Price movement being compressed tighter by the hour !
into a pattern of Resistance with highs formed, and higher trend line lows rising up to resistance.
There is Quadruple Top Resistance in the pattern between ES 2740-2745,
and at the same time, a rising bottom support line building in ES from 2700 up to 2730.
A multiple hour breakout in the pattern is IMMINENT, possibly timed around the U.S jobs report release on 7/6/18 830 am EDT
THE UNWIND