This is a very classic move that SP500 rejecting by the gap. Now we have a gap down at $3800. Let's see if it's going there and test it.
Dagangan aktif
On Monday It may bounce at $4000 and retest at $4100.Nota
Has a little bit oversold. Might bounce at $3920.Nota
Nota
ES Futures already hit 2.618. Tomorrow: 1) might retrace $3950 and go. 2) Just go straight to 3.618 overextended. Nota
Trend reversed again today (I believe).Nota
The market seems able to return around just for 2 days and hit a resistance of wave 4 where a leading diagonal is very impulsive to its direction. Next week we need to see if it could break the order block between $3960-$3977. If it couldn't get through above the order block, it means we have a confirmation of downtrend continuation.RSI still looks positive.
Nota
For both bear and bull casesNota
$3968-$3976 is the key level if we can pivot from there on ES FuturesNota
So ES hit the pivot at $3962 and look for a target of $3908 to $3948Nota
ES now is above the order block. Expect to go higher if it holds that support. Nota
Nota
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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.