"Micro" S+P 500 Futures Potential Powerful Upside Breakout
3 Day Holiday Weekend's in the US
have traditionally shown a strong seasonal bias to the upside,based on historical analysis.
One place to look for that bias this week can be found with the S+P 500 "Micro" Futures Contract for Sept ,MESU
which has had consecutive day rallies this week from the Sunday nigh lows at 2810
which has brought price urgently back to major resistance at 2940.
At this point,,traders know that a major upside breakout is near.
From just the mere technical price perspective,
a bullish breakout above 2940 could send the" Micro" S+P Futures
up yet another 120 points, the measured distance from 2810 Low, and back to challenge all time highs .
As added fuel,shorts will cover in large numbers should that occur.
I would advise trader's to look very closely at the "Micro S+P 500 Futures,
to take advantage of this potentially explosive bullish breakout in the making.
I have just begun trading the Micro S+P 500 Futures myself this past week.
Do Note :
The outside chance of a bearish price reversal from these levels is possible.
Use S+P 2905 as a Long Stop/ Reverse To Initiate Short positions should that occur.
Caution,with very tight stops are strongly advised,
THE_UNWIND
8/30/19
NEW YORK
have traditionally shown a strong seasonal bias to the upside,based on historical analysis.
One place to look for that bias this week can be found with the S+P 500 "Micro" Futures Contract for Sept ,MESU
which has had consecutive day rallies this week from the Sunday nigh lows at 2810
which has brought price urgently back to major resistance at 2940.
At this point,,traders know that a major upside breakout is near.
From just the mere technical price perspective,
a bullish breakout above 2940 could send the" Micro" S+P Futures
up yet another 120 points, the measured distance from 2810 Low, and back to challenge all time highs .
As added fuel,shorts will cover in large numbers should that occur.
I would advise trader's to look very closely at the "Micro S+P 500 Futures,
to take advantage of this potentially explosive bullish breakout in the making.
I have just begun trading the Micro S+P 500 Futures myself this past week.
Do Note :
The outside chance of a bearish price reversal from these levels is possible.
Use S+P 2905 as a Long Stop/ Reverse To Initiate Short positions should that occur.
Caution,with very tight stops are strongly advised,
THE_UNWIND
8/30/19
NEW YORK