Thanks to TradeDevil's analysis I also looked into SP500 in the bigger picture.
One trendline was broken, but another held strong - it also matched algo target and previous ATH. And also 150% level from options profile that I started to observe.
So now we noticed the algos started to go short - was this their ultimate target and we will flip again to go long? previous high looks like a distribution phase (Wyckoff) - so we might be correcting for a while now -> until election?
The session closed at the very interesting point - half way back from last swing low.
One trendline was broken, but another held strong - it also matched algo target and previous ATH. And also 150% level from options profile that I started to observe.
So now we noticed the algos started to go short - was this their ultimate target and we will flip again to go long? previous high looks like a distribution phase (Wyckoff) - so we might be correcting for a while now -> until election?
The session closed at the very interesting point - half way back from last swing low.
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.