A failed triangle breakout in S&P 500 with no downside follow through

Yesterday S&P 500 broke out the symmetrical triangle pattern formed in H1 during the London session but end up becoming a failure during the US opening session. Yet there was no follow through to the downside. So far S&P 500 futures was stuck in a smaller trading range between 3060–3160.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 18 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade…