S&P 500 possible cup and handle breakout to test higher targets

Yesterday S&P 500 futures (ES) broke out from the descending wedge (bullish wedge) with a deeper test. It seems like forming a handle to complete the cup and handle formation in the H1 timeframe since 23 Jun 2020.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 09 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind). Going forward…

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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/