Tuesday, April 5, 2016

Trap Buying The E-Mini S&P 500 Futures; SchoolOfTrade.com

Today we have a range on the E-Mini S&P 500 Futures after the strong move down which led into a descending wedge formation. This allowed the buyers to attempt to get the breakout up bu ultimately failing UNTIL we had the breakout retest of the wedge.

This retest allowed a HUGE flood of buyers into the market pushing price right back up again on the trap low retest for a run right back up to the range highs for our final objective targets!

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