This trade setup on E-Mini S&P 500 June 2024 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 5193.8499.
Related Posts
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching support.
Brent Crude is heading towards the resistance line of a Rising Wedge. If this movement continues, the price…
Natural Gas has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 11 days.
Natural Gas has broken through a resistance line of a Falling Wedge and suggests a possible movement to…
Silver Spot has broken through a level it has tested 4 times in the recent past.
The breakout of Silver Spot through the 33.9570 price line is a breach of an important psychological price…