Weekly ES Preparation
Interesting week last week.
S&P went from the verge of a Bear Market to a breakout and gap up.
If a bounce off the top of this new Bullish channel
There should be a dip into Wed VIX expiry.
And then likely trap some bulls before testing the lower end of the channel
Followed by reversing on the Inflection Point / Gamma Flip area of 4363.
This time I think we could see some liquidations if plenty of bulls get trapped when aiming for the ATH.
Bulls defending the bottom of the channel would likely be rewarded with 1 way ticket to ATH for Christmas.
S&P went from the verge of a Bear Market to a breakout and gap up.
If a bounce off the top of this new Bullish channel
There should be a dip into Wed VIX expiry.
And then likely trap some bulls before testing the lower end of the channel
Followed by reversing on the Inflection Point / Gamma Flip area of 4363.
This time I think we could see some liquidations if plenty of bulls get trapped when aiming for the ATH.
Bulls defending the bottom of the channel would likely be rewarded with 1 way ticket to ATH for Christmas.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.