ES / SPX – August 31, 2017

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Hello traders… ;o
As you notice by the chart below, we did finish the sell setup countdown yesterday at bar no. 13.
This would usually lead to a sell off, but looking at the following chart with that break above the wedge (TD trendline), we should be cautious with shorts and wait for the more reliable sell signal: bearish td price flip.
Breaking above the TD trendline and gapping up today will give a higher price projection (the light blue line), that means a new ATH or a double top at around 2493 cash. Let’s see how we open today, that should clarify the next move.. GLTA!

Potential trades to be posted in trader corner’s forum…. hang on! ;o