ES futures ready to tap 4,000?
It was about as much of a risk-on day Tuesday could have been for US markets, with bond yields and indices rising with commodity FX.
It allowed the S&P 500 E-mini futures contract to break a 3-day losing streak and form a 3-bar bullish reversal pattern (Morning Star), so perhaps the low for the week is in place?
The 15-min chart shows prices hovering just below yesterday's high in a small bull-flag formation, although as this is out of hours trade then it's possible the market may pull back prior to another leg higher.
- The bias is bullish above the daily pivot once we get evidence of momentum moving higher
- Otherwise look for a low volatility pullback within yesterday's range and evidence of a swing low
- Today we have our eyes on the resistance zone around 4,000 which includes the daily R1 pivot, Monday's VPOC and the 4,000 handle
It allowed the S&P 500 E-mini futures contract to break a 3-day losing streak and form a 3-bar bullish reversal pattern (Morning Star), so perhaps the low for the week is in place?
The 15-min chart shows prices hovering just below yesterday's high in a small bull-flag formation, although as this is out of hours trade then it's possible the market may pull back prior to another leg higher.
- The bias is bullish above the daily pivot once we get evidence of momentum moving higher
- Otherwise look for a low volatility pullback within yesterday's range and evidence of a swing low
- Today we have our eyes on the resistance zone around 4,000 which includes the daily R1 pivot, Monday's VPOC and the 4,000 handle
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.