Currently, S&P futures are in a volatile mode. Traders should sell high and buy low. The price has gone through several oscillations. It is very likely that a direction will be chosen in the next one or two days. Judging from the development of the moving average, a breakout to the upside may occur.
Note
1H ~ 4h chart is berish. The current futures market is in a state of oscillation. So 15 minutes chart goes up first, The 15-minute breakout is a false breakout and a good signal for short selling.Trade closed: target reached
broke out to downside.Note
target 50% FIB retracement reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.