After bad news on increasing numbers on covid-19 related deaths and infections, the Russell 2000 e-mini index futures has become a nice opportunity.
On a three minutes chart, it looks like it has placed within a position of support by our technical indicators. Now, when we look at a chart like this, it is very clear that any related fundamentals can enhance the value of this opportunity.
That happens because it is also building on its 3 minutes chart, a resistance for the last move. So, going up or down, the trades are very clear and identifiable.
We can use the same technical analysis with other market indices, futures, etf and even single stotcks.
For educational purposes only and not intended as a financial advice of any kind.
Wednesday, October 28, 2020
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