S&P 500 E-Mini: Test of February 23 High in the Cards
From Investing.com:
The S&P Emini formed an Inside bar on the daily chart, increasing the odds of sideways to up trading with a possible test of the February 23rd high. Bears hope for a test down to the moving average, but follow-through selling has been weak. The Emini is up 17 points in the overnight session, rallying after the morning report. Today is expected to gap up above yesterday’s high, triggering a high 1 buy signal. Yesterday’s setups show potential entry points for swing trades, but not all setups lead to profitable trades. Traders should be cautious and manage risks accordingly.
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