SPX bounce on 2734-2738?
SPX bounce on 2734-2738 until March 21st?
Looks like if 2734 is retested and holds then SPX will make another run 2800 until March 21st.
Ironically we had this same 40-60 point bounce last Friday March 9th.
Looks like if 2734 is retested and holds then SPX will make another run 2800 until March 21st.
Ironically we had this same 40-60 point bounce last Friday March 9th.
Nota
If 2734 breaks then down to 2700 and 2715 becomes resistance again. I feel like algos are targeting March 21st fed meeting and in holding pattern until then. Will read notes release on 21st then tank.Nota
This is a short term trade of 4 days. My next idea is SPX short until end of March to beginning of April.Nota
This ideas was not invalidated yet, but this short term 3 day long play is not looking good. Market closed with gravestone doji, straight down in last few minutes. I am sure it will break 2734 on Monday or Tuesday. The market is not going to wait for the fed meeting to start correcting.
Penafian
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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.