Dominate Your Market
by Jim Wyckoff
The e-mini S&P stock index futures have rebounded smartly late this week and the bulls are now in a position to challenge and negate a price downtrend on the daily bar chart. More gains on Friday would likely negate the downtrend and give the bulls fresh power to push prices farther north, including challenging the contract high scored a few weeks ago. Stay tuned!
There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.