Option1 (Green arrow):
S&P500 futures 1 hour char. trending insde upside channel.
as long as it don't break down channel (bottom bold red line of the channel) I expect it to get back to 3400 (horizontal bold red line)
Option2 (Red arrow):
S&P500 futures creating an head and shoulders pattern. in case we see it (neckline is at 3300 levels), I expect a massive sells and the stock might go down to 3260 and then to 3200
Either way, trade with extra cautios as the trend is not clear yet.
S&P500 futures 1 hour char. trending insde upside channel.
as long as it don't break down channel (bottom bold red line of the channel) I expect it to get back to 3400 (horizontal bold red line)
Option2 (Red arrow):
S&P500 futures creating an head and shoulders pattern. in case we see it (neckline is at 3300 levels), I expect a massive sells and the stock might go down to 3260 and then to 3200
Either way, trade with extra cautios as the trend is not clear yet.
Trade closed: target reached:
scenario #1 filled