This chart, with a 5823.00 target, looks more reliable than the one displayed here last week. It projected a 5879 top, but let’s see how buyers fare at the lower target before we try to get a read on trend strength. A pullback to the green line (x=5582.75) would generate a ‘mechanical’ buying opportunity that you should not pass up if you trade this vehicle. Be sure to check in at the chat room before you jump on it, though, since the implied risk of doing this one by-the-book would be around $16k on four contracts.
ESU24 – Sep E-Mini S&P (Last:5664.75)
