Starting off the day with diverged asset classes. 10Y note yields has gone lower while SPX futures showed some resistance and look like they are about to break out higher from the small (and a little bit crooked) wedge that formed. During writing of this post the divergence is disappearing :( SMI suggests downward move but this may not be the case. Watch closely along with european equities. Last monday was negative even though it was showing strength in the pre-open session. Watch the main trendline
Nota
Rally train is arriving to the station. Will there be a trainwreck until it gets there?Nota
So far, we have a little leak in the downward sloping resistance. The horizontal resistance holds so farNota
Broken, wait for the confirmation bounce up off, now, supportNota
2677 is the level to watch right now which lies on the upward sloping trendline (not on the chart) as spoos come crashing down. If it breaks, we will consider it as a confirmation of further price falldownNota
Broke through the support.2667, 2668 are the next S&R points
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.