Stock Futures Break Out: New Highs Likely.
4 hour chart of S&P 500 Futures is clearly showing resistance @ 2747.50
My custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
My custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
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Visit my financial blog & get alerts : masterchartstrading.com/blog
@mastercharts
Visit my financial blog & get alerts : masterchartstrading.com/blog
@mastercharts
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