S&P futures daily chart review

50
4/27/2024
Daily Chart analysis

Market is All-in-long, but the market tempo would suggest a pause or a pullback
after 4 bull bars. Likely 1 more bar up before a pullback.

Elements to note:
Break of the broad bear channel down, an important component of a possible MTR setup.
Notice the EMA cross and confirmation, usually leading to some sideways, but good foundation
for higher prices.

April 2nd was an outside up bar. There are bulls trapped here,
so sellers above, and this is a price level likely to tested in the near term.

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