Micro E-mini S&P 500 Index Futures
Short
Updated

Expect a Retracement... BUT not a Reversal in S&P

103
Hi Trading Community,

Just a quick update on what I expect price action to look like for the ES over the next couple of days.

As you know, I've been bullish on this move — and I still am. However, there is some justification for a potential retracement to key levels. In particular, my attention is on the 5928 area.

It's too early to call this a full reversal, but let’s stay sharp in our trading and continue learning.

#OneCandleStickAtATime
Note
Some more lipstick on the chart for the story

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Note
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Would you look at that. Once the swing high was formed, the price sank.

Admittedly, I was not a part of this move because its outside my trading hours.

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Continue to study and be safe :)
Trade closed: target reached
snapshot

What do you know!!! we have the retracement to the exact levels mentioned. Now we are seeing a return to the top side.

Lets continue to study and be safe

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