E-Mini S&P 500 2/2 Evening Update

2 thg 2, 2021

Much like nas, we have approached the top of the channel and indicators are also pointing to overbought. Mainly looking for consolidation and movement back down to the lower boundary of the channel for tomorrow, but also am wary of a push further up before we move back down, based on multiple crushed earnings and positive guidance from sp500 components, which could propel price up a bit higher.

Long
If we approach the highs of the break formed last week will look into an entry

Short
Looking for consolidation and a break of key levels - mainly 3800