ES Up Trend Channel At Top Of Channel Possible 4550 Reversal
In this up channel with the 200sma pointing up as the base of up channel line. Notice where all the points line up. I am expecting another push up towards 4550 which is also where stops are and is at the top of the channel. Price is loving to bump up towards this up channel line.
Price made a big move Friday, Monday and Tuesday and needs to pullback.
It is not a good idea to buy at top of channels
Price made a big move Friday, Monday and Tuesday and needs to pullback.
It is not a good idea to buy at top of channels
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