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🤷‍♂️ S&P 500 in 🔴 Supply or is there NO 🚫🔴 SELLING?

There is a BIG question that we should asking ourselves right now. Thing is MOST people have NO CLUE that they should even be asking this question.

What's the question?

Take a look at this chart of the $SPX500USD which is a CFD representation of the S&P500. When we look at it what we can see is that price is entering that red rectablge at the top of the chart. What is that? It's institutional supply, meaning the banks were selling the market in this range.

The main thing is that PRICE IS INSIDE THIS SUPPLY!

Now have a look at the S&P 500 futures chart from CME. This is the actual chart of the S&P 500 futures. But do you see something different?

That's right the same supply zone that is holding on the above chart has been removed on this one. So which one is telling us a little secret? If the CME version telling us the banks are removing obstacles in order to push price higher?

This is what I'll be watching in the coming weeks/months.



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