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darshan1992

ES / SPX downward channel

Short
E-mini S&P 500 Futures (Jun 2022) (CME_MINI:ESM2022)  
darshan1992  
CME_MINI:ESM2022   E-mini S&P 500 Futures (Jun 2022)
Trend Analysis Chart Patterns ES SPX (S&P 500 Index) S&P 500 (SPX500) sp500usd
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trendanalysis chartpattern es spx spx500 sp500usd
Looks like the ES in a downward channel . There is a good chance it will bounce to the top of the channel and turn back down. The top of the channel could coincidently be a lot more than just one factor causing a reversal.

  • Top of channel

  • 21 EMA

  • 0.382 Fibonacci level

  • Old support turning to resistance
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