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S&P 500 Futures - Jun 24

CME
Currency in USD
Disclaimer
5,120.25
+13.75(+0.27%)
Delayed Data

S&P 500 Futures Discussions

Reversal to the downdide will happen between now and OPEx next Friday... this is coiling but it appears like it is buying time to touch 4200 tomorrow or Thursday and fall out of the pennant Friday with CPI...Buyers and Sellers running a pennant formation that is to perfect in shape and size and most likely is a bearish sign as bullish formations are more Camouflaged
So how do you camoflauge a pennant on 5 hour chart? It has hours to stay there; you're either too re tysrded to pay attention or just foolish to see a fire and jump in
not every textbook chart pattern has to play out...it is possible that nothing happens and it falls right out of the pennant to touch 4050 and rip higher next week
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