Check out the video above for a detail walk through of today's analysis of S&P 500 futures. S&P 500 futures ( CME_MINI:ES1! ) started to lose momentum since the uptrend from the bottom formed in 23 Mar 2020, as shown in the chart. It attempted to break above 2880, which is a strong resistance coincides with the overbought line from the channel. The up wave and...
Dow Jones futures ( CBOT_MINI:YM1! ) edged up slightly in the London session today as President Donald Trump will issue guidelines for the re-opening economies. 15 Apr 2020 recap - on the daily chart, Dow Jones futures had a reaction with slightly increasing supply, which broke the previous day's low but demand was seen in the afternoon session to push the price...
14 Apr 2020 recap - on daily chart, S&P 500 futures managed to overcome the psychological level at 2800 and close at 2843, which is a bullish sign. Yet, shortening of the upward thrust is spotted, especially in H4 timeframe, since the low from 4 Apr 2020. A rising wedge pattern is formed and is near the end, suggests the time has come to pick a direction to...