E-mini S&P 500
April 20, 2020
E-mini S&P 500 - June contract
12:10EST
From the cash open No patterns (algos)
only have pivots and linear expansion projections and rejections levels
Key pivots
2856.50/2857.50
2850.00/2851.00
2834.00/2835.00
linear expansion projections and rejections levels which are
Key pivot 2856.50/2857.50
above 2860.00 up to 2877.25
failing to trade above 2860.00 then down to 2818.25
Comments: Over the years I only trade my patterns based on calculations ( algos) and totally disregard the fundamentals (news etc..) but today its tough to do with all the bearish fundamentals....this is not an oil glut...there is no word to describe it because it has never happened before and the economic consequences are profoundly bearish..it other words its potentially a major game changer....
Futures Trader at Self
4 年Awesome analysis David!