dereckcoatney

ES! Possible Target Price Levels

Corto
CME_MINI:ES1!   Futuros E-Mini S&P 500
As a follow up to my last post, if this is, in fact, a bearish wedge having broken down and being in the process of capitulating now, where could we end up?

A couple of ideas. The two green support lines represent a great area of consolidation that occurred in 2015-2016. There is a great deal of trading volume in that area. It was the top of that trading range that halted the slide in March.

Furthermore, if you draw a trend line from the February high to the recent high, and then produce a parallel line that touches the March low, you will get a channel (grey). That looks like a good place for the market to head.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.