Flash crash or melt up? [Video]
|![Flash crash or melt up? [Video]](https://editorial.fxsstatic.com/images/i/SP500-bullysh-withoutbull_Small.jpg)
As the market about to head up? Or are we about to crash further? Here are the price levels that will tell you.
Following on from yesterday's time critical video, here is the latest update on the S&P 500 E-mini futures. Firstly, please review the video especially from 10 minutes 42 seconds in. We are now using a 240 minute chart. Note the magenta channel is now evident in this timeframe. This is the key path of the market at this moment in time. Exactly as briefed in this video, you will see the market reacted off the key level at 5528 and then pull back to the 50% retracement level at 5180. Ensure you have the other key levels noted as shown in the video.
At this time of writing, the futures are down slightly. The failure of the magenta dashed line will see the lower line challenged the potential new low. For any bull market headway, the upper channel line must be exceeded.
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