US equities are showing signs of a pullback, as overbought studies promote selling pressure above the 2261.75 projection at 2277.53.
A corrective pullback is now unfolding, with prices poised to break below the 2232, (23.6%) retracement of the November-December rally towards further support at 2200/04. Risk, however, is for a close below the 2180/86 area, with congestion around 2150 to then attract, as currently positive investors move to a cautious stance.
An unexpected close above 2277~, however, will confirm continuation of the November rally, with subsequent focus then turning to 2300/02.
A corrective pullback is now unfolding, with prices poised to break below the 2232, (23.6%) retracement of the November-December rally towards further support at 2200/04. Risk, however, is for a close below the 2180/86 area, with congestion around 2150 to then attract, as currently positive investors move to a cautious stance.
An unexpected close above 2277~, however, will confirm continuation of the November rally, with subsequent focus then turning to 2300/02.
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Penerbitan berkaitan
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.