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LotusTrading20

$spx Mid Line should become support

Long
Futures E-mini S&P 500 (CME_MINI:ES1!)  
LotusTrading20 Aggiornato   
CME_MINI:ES1!   Futures E-mini S&P 500
Trend Analysis Chart Patterns Beyond Technical Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) eminisp500 emini SPXUSD S&P 500 (SPX500)
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trendanalysis chartpattern beyondta spx spy eminisp500 emini spxusd spx500
Trend is up, price is stretched... as long as the Mid-Line in blue does not become resistance, we expect the decade long trend to continue up, towards the upper channel deviations around 6 and 8k.

the areas to watch are 3930/3850/3730
Commento:
could see a repeat of this high volume seller exhaustion towards 2.0 fib extension and below, ca 3500
snapshot

Idee correlate

LotusTrading20
$spx complex corrective flat
LotusTrading20
$spx geometric progression
LotusTrading20
$spx context analisys
LotusTrading20
$spx long term: neutral when 5.1k ticks
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