The_Unwind

S+P Futures 2610.25 Low LONG STOP/ SELL BREAK!

CME_MINI:ESZ2018   E-mini S&P 500 Futures (Dec 2018)
Dec 18 S+P Futures Overnight Low at 2610.25
has hit a very important support place
on the 4 Hour OPEN Chart that I keep.

Futures have bounced up 15 points,
after hitting pattern support.
The futures market has done it's job
overnight, at defining price parameters.
for 12/10 Regular Hours trading.

In this case, use 2610.25 as a LONG STOP
for any bullish bets on the S+P.
while also using a BREAK of 2610.25 Support,
to initiate MAJOR NEW SHORT POSITIONS.

Of Note: Short Term RSI Continues in Bullish Mode..
ESZ Last 2625.75

THE_UNWIND
12/10/18 700 am
NEW YORK
Proprietary Chart Analysis,Not To Be Construed As Trading Advise.





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.