Double Bottom Confirmed

S&P E-mini retested the key 1810 handle in prior session and found willing, aggressive buyers, solidifying symmetry support. Having penetrated and converting the key upper zone 1828 – 30, this confirms double bottom support and now sets the stage for building upon recent gains.

Having closed at session high, residual momentum in overnight has pushed price higher hitting some projected targets between 1848 – 1850 zone. This zone is anticipated to act as initial resistance into pit session. Any pullback from this zone targets the Prior Day High (1840.00) for initial test of breakout support. Should this level fail to hold, then deeper pullback into yesterday’s range targets 1832 – 35 zone, then 1828.  Dynamic S&R levels will be updated throughout the trade session in Trading Room.

Stay Focused and ALWAYS USE STOPS!

Good Trading…David

Habitude Ten
I know anything can happen, and I can handle anything that does happen. I am open minded. My thoughts and perceptions are clear. I know what to look for. I have rehearsed everything. I adapt to change. I will listen to my indicators and the patterns that emerge. I will adjust and not demand that things continue as they first started.

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