S&P 500 Futures - Mar 25

CME
Currency in USD
6,050.50
-55.50(-0.91%)
Closed

S&P 500 Futures Discussions

First bullish reaction after a three day red 1D streak, following the November 24 rejection on the 1D MA200 (which is now 4,039.40 and falling). Still however, this peak continues to look like a Head and Shoulders pattern that is usually found on market tops. 1D remains marginally bullish technically (55.740, MACD = 52.280, ADX = 26.113) but I will only buy if the price closes above the 1D MA200 (we last had a session close above it on April 5th), ideally above 4,045 and target 4,085 on the short-term and above 4,100, I will target the 4,330 Resistance (of the August 16 High). Similarly, I will sell if we close a day below the 4H MA100 (3,949.20 and rising) and target the 1D MA200 (now at 3,859.0 and rising rapidly). Anything in between is volatility and can be taken advantage on the short-term to scalp. All prices mentioned on my analysis are on Dow futures current contract in front.
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