Again stopped at bigger support but todays high is way lower. Market gets more and more bearish. On daily /ES still has a kind of an Bullflag which can lead to way higher highs.
But breaking the grey-marked support zone (which marked has built since 9/9/2020) wouldn't be good, especially would this almost invalidate the bullflag on daily.
Right below that grey level is the organge-colored VWAP (anchored on the low from mid Sept) and short below the blue-colored VWAP (anchored on the ATH from 9/2/20).
Going below would trigger many ppl so sell. I don't know what will happen but I could imagine that the stalling discussions regarding the Stimulus bill will lead to a further converging
of the falling trendline and the grey-marked bigger support-zone. So long momentum stalls and a break out in one or the other direction will be bigger.
But breaking the grey-marked support zone (which marked has built since 9/9/2020) wouldn't be good, especially would this almost invalidate the bullflag on daily.
Right below that grey level is the organge-colored VWAP (anchored on the low from mid Sept) and short below the blue-colored VWAP (anchored on the ATH from 9/2/20).
Going below would trigger many ppl so sell. I don't know what will happen but I could imagine that the stalling discussions regarding the Stimulus bill will lead to a further converging
of the falling trendline and the grey-marked bigger support-zone. So long momentum stalls and a break out in one or the other direction will be bigger.
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.