RLB512

ES 3HR bullish RSI divergence

CME_MINI:ES1!   S&P 500 E-mini Futures
5/24/23 we have a double bottom on the 14 RSI with today. Also on 5/24 the 3hr signaled a slight bullish divergence and broke the downward trend. Recently we have had bullish divergence on the 3rd 4th 8th 9th and the 11th of this month but the 3hr did not break the downward trend. if we clear 4370 and hold i think it is a goos sign we may continue up to test 4420. Also this is just a plan not a trade. 4315-4305 is the next zone down after that is 4260ish from where we broke out earlier this year. Also if 4465 holds i think we would still see new highs.
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.