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Linda Raschke, founder at LBR Asset Management, observes that indexes have come into balance following three bars of price overlap after a period of one-time framing with successive higher lows and higher highs.
This technical assessment highlights the current market structure based solely on recent price action.
Earlier this week, Raschke identified two higher lows on the SI two-hour chart and noted a potential trailing stop trigger above the Vol ATR green line in recent analysis. She has also highlighted 7363 and 7155 as key technical levels for June SP futures, indicating possible downside movement if support breaks, according to a prior note. These observations continue her focus on short-term price structure and key support and resistance levels.