ETrades1

CME Upside Wedge Breakout

Long
ETrades1 Updated   
NASDAQ:CME   CME Group Inc.
1) Bullish breakout from wedge that began forming Sep 19
2) Convergence of 10 EMA, 20 EMA and 50 MA with price consolidating above. Bullish divergence beginning 1.7.20 with 10 EMA crossing above 20 EMA, and 20 EMA above 50 MA
3) 50/200 MA cross June 2019 with a recent pullback in price to 200 MA
4) RSI trendline breakout with support on EMA (using a 15 period with 60 EMA)

Long @ 207.86
Comment:
This was short lived success, sold on gap down 2/12/20 for pretty much breakeven, no harm done
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