Futures provide technical references for the bounce

SmartReversals
05-03

$E-mini S&P 500 - main 2406(ESmain)$

Futures provide technical references for the bounce, considering oversold RSI and Stochastic at the time of a big gravestone that ended up setting the reversal. Not my favorite candle for a bullish reversal but it can happen.

That same gravestone exists in $PX, very close to $5008, a support mentioned that it would be interesting if it holds.

Let's see how the day goes.

For $S&P 500(.SPX)$ :

Bullish above $5110

Bearish below $5061

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https://twitter.com/SmartReversals/status/1786019080740241738

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Comments

  • Thatway
    05-07
    Thatway
    Let's keep an eye on it!
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