Futuros E-mini S&P500

ES looks bullish - pullback possible

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Watching the SPX futures, I have my eyes on the roll/expiration dates for ES. This is mid-March (Mar 17).

The trendline I have in white will likely break at some point. We can see some clean confluence that we've got a bit of resistance at this declining level. Are we going to see a new local low before we go up or are we going to go straight up from here?

The key is that level. Shorting here has the best risk management with a stop loss if we start closing above this trendline. Target could be the pivot low from ~Feb 10.

I'm not shorting yet, but if you are willing to give it a shot, you could do it right here at 4100. Again, set alerts because if we start closing hourlies above this trendline, you should probably get out and flip long targeting roughly 4200-4250.

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