ES
S&P 500 futures finishes up 0.23% as economic slowdown worries cloud rate-cut optimism. From a technical perspective, this week marks the third consecutive where ES has been trading inside of 11 Aug 25 bullish spinning top candle indicating weakness of bulls after reaching uncharted territory of $6,541.75 all-time highs.
Such signs point to a short-term retracement down into discount arrays but I am not here trying to guess the top. If it does occur, $6,355.00 is an area of interest but on an overall basis, I want to be neutral until Sunday’s opening price / opening gap.
NQ
Nasdaq follows with a 0.93% gain but with the same issue of price trading within a range, in this case, since the 4th Aug 25 weekly bullish marabozu was printed, I would not want to put my money on a continued run as of yet. Preeing short-term retracements with a discount array @ $22,781.75 is being watched closely and for the time being, I want to be neutral
YM
Dow Jones closes -0.37% lower this week with the intermediate highs of $45,887 still in tact. Will the monthly buyside liquidity pool be used to suck in unexpected bull traders before repricing to HTF discount arrays?
If I am to see a decline in the 3 stock index pairs, YM will be the pair to lookout for as the front-running market.
S&P 500 futures finishes up 0.23% as economic slowdown worries cloud rate-cut optimism. From a technical perspective, this week marks the third consecutive where ES has been trading inside of 11 Aug 25 bullish spinning top candle indicating weakness of bulls after reaching uncharted territory of $6,541.75 all-time highs.
Such signs point to a short-term retracement down into discount arrays but I am not here trying to guess the top. If it does occur, $6,355.00 is an area of interest but on an overall basis, I want to be neutral until Sunday’s opening price / opening gap.
NQ
Nasdaq follows with a 0.93% gain but with the same issue of price trading within a range, in this case, since the 4th Aug 25 weekly bullish marabozu was printed, I would not want to put my money on a continued run as of yet. Preeing short-term retracements with a discount array @ $22,781.75 is being watched closely and for the time being, I want to be neutral
YM
Dow Jones closes -0.37% lower this week with the intermediate highs of $45,887 still in tact. Will the monthly buyside liquidity pool be used to suck in unexpected bull traders before repricing to HTF discount arrays?
If I am to see a decline in the 3 stock index pairs, YM will be the pair to lookout for as the front-running market.
UK, London
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
UK, London
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.