SSF-SlingshotFutures

$MES_F Longer Term Outlook - Reversal Coming?

Long
CME_MINI:MES1!   Micro E-mini S&P 500 Index Futures
After the $MES1! sellers drove prices down aggressively lower, price has been shifting to a much more range bound stance being confirmed even more by the rounding price action. There are also two separate 3-Press Lows forming at almost identical locations on top of measured move completion targets. There are likely only going to be two responses to this movement -- Aggressive and Conservative approaches.

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.