Check out this base in the SP futures

[Math_Wiz]

Check out this very steady base (or possible ceiling, lol), in the SP futures.
It appears as though a big seller is holding the fort at 3300.
Any thoughts?

 

[Overnight]

Check out this very steady base (or possible ceiling, lol), in the SP futures.
It appears as though a big seller is holding the fort at 3300.
Any thoughts?

View attachment 239901

That looks like the market is pulling a Sir Lancelot at the moment, as it (he) approaches the castle. And when Powell speaks tomorrow, there will be infiltration into the castle.

To be continued?

 

[maxinger]

Check out this very steady base (or possible ceiling, lol), in the SP futures.
It appears as though a big seller is holding the fort at 3300.
Any thoughts?

View attachment 239901

It appears as though a big seller is holding the fort at 3300.

--->

It simply means the big boys are having a long tea break.

And the small buyers and small sellers are trading instead of having a long tea break.

And the small buyers and small sellers are trading at 3300.

 

[2rosy]

base? or is that resistance at 3300. pattern is in the eye of the beholder.

 

[Math_Wiz]

base? or is that resistance at 3300. pattern is in the eye of the beholder.

Or "ceiling" as I called it in my OP, lol.

 

[Thor]

It's a ceiling and looks like it will face more retests.