#ES_F / # SPX / # Sp500.
The SP500 futures index lost 2% today. Everything would be fine, we’ve seen bigger drops, but this time the structure of the chart looks more like a Distribution model with goals much lower. From November to the last week of December, the index was in consolidation, after which a breakout followed as part of the “Christmas Rally”. Many traders now see a "book" retest of resistance after a breakout, expecting that this level will become support, but the reality will be much more painful: there is a higher probability of a bull-trap and the price will be brought under the $ 4520, 4485 lows.
The SP500 futures index lost 2% today. Everything would be fine, we’ve seen bigger drops, but this time the structure of the chart looks more like a Distribution model with goals much lower. From November to the last week of December, the index was in consolidation, after which a breakout followed as part of the “Christmas Rally”. Many traders now see a "book" retest of resistance after a breakout, expecting that this level will become support, but the reality will be much more painful: there is a higher probability of a bull-trap and the price will be brought under the $ 4520, 4485 lows.
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t.me/thefuturestrader
t.me/thefuturestrader
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.
Подписывайтесь на мой беcплатный канал в телеграмме. Буду рад делиться с Вами своими идеями и опытом
t.me/thefuturestrader
t.me/thefuturestrader
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.