TheAnonymousBanker

S&P 500: Two Pattern to Trade in short term

CME_MINI:ES1!   Futures E-mini S&P 500
Hi everyone!
The trend is bullish on S&P 500 (Futures), and if we try to follow US Index on intraday chart, we have two important levels: 4,189.75 and 4,098.50. Potential resistance breakout should develop a harmonic structure with Target around 4,238.50, conversely, 4,098.50 failure should trigger bearish consolidation around 4,048.00 area. Technically, both setups are high risk, so using a small size should be a good choice.

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By Anonymous Banker
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