S&P Technical Level Breakout on the Daily Chart (/ES Futures)

The /ES has just broken through a key technical level on the Daily chart. The red line drawn on the image above represents a key technical level that I have had my eyes on for a while now. Today is the day that the breakout occurred on the daily chart. I took a long position at 2825.50 on the /ES mini, in anticipation of the break with a 2 contract limit order.

As you can see after passing the key daily technical resistance level, there was a huge spike to the upside putting the trade into the GREEN!!! We will be watching the /ES closely as the next daily resistance is much higher and will be watching for long positions.

This image shows the room the /ES has until the next technical resistance on the daily chart! The shorter arrow to the far right shows another possible area of resistance on the daily chart, and will be a technical area of interest moving forward.

If you liked the Article, Give the Author a LIKE by clicking the LIKE button on the page. Want to be updated whenever we post new content, hit the Follow button to be a part of THEFREEDOMGRIND and receive an email whenever we post!!!

All investment related topics within THEFREEDOMGRIND are for educational purposes only. Any investment made by any persons not affiliated with THEFREEDOMGRIND should evaluate his/her investment strategy and understand the risks before investing.

Published by Eric Jobb

Hello everyone, my name is Eric and I am the founder of TheFreedomGrind. I love to trade stocks and futures, It's my passion, and I will never go back. I have taken time, money, and energy learning the market. There is no secret trick, no gimmick that will get you closer to being profitable. It will take time, money, and energy to make gains as a day trader. I created the blog and the YouTube channel to provide as much useful information about trading to anyone who has the desire to become a trader.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: