AmpedTrading

ES Measured Move and Running out of Steam?

Short
CME_MINI:ES1!   Contrats à terme E-mini S&P 500
I do believe it's time for a slight cool off for the ES. The swings are getting smaller and we are getting tighter. Currently in a fairly large channel (main channel) but currently still in an uptrend as well. With the swings getting smaller, we will either break to the upside for a push above 4200, or break down for a cool off period back to around 4130-4100.

We have also completed two legs up for a measured move. Looking like it's time for some correction.

I am currently short at the 77's with profit targets of 65 (targeting the uptrend support) and 50 (targeting a breakdown of the uptrend and a third retest of ~50.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.