Fundamental
Despite strong earnings from big tech and resilient economic data, concerns around Fed’s hawkish tone and sticky inflation are resurfacing. Rate cut expectations are being pushed further out, weighing on high-growth sectors like tech.
Technical
The index is testing a key supply zone between 21,380–21,420, aligned with previous highs and fib levels (0.618–0.786). Volume is thinning above, and momentum (Stoch RSI) shows early signs of bearish divergence.
Trade Setup (Short-biased)
- Entry: If price rejects the 21,380–21,420 zone. Before entering, make sure you see bearish pressure first. Like strong red candle on 1h, 2h time frame.
- First Take Profit 1: 20,600
- Second Take Profit 2: 20,000
Follow me for updates on entry confirmation, scaling strategies, and live adjustments.
Thank you
Despite strong earnings from big tech and resilient economic data, concerns around Fed’s hawkish tone and sticky inflation are resurfacing. Rate cut expectations are being pushed further out, weighing on high-growth sectors like tech.
Technical
The index is testing a key supply zone between 21,380–21,420, aligned with previous highs and fib levels (0.618–0.786). Volume is thinning above, and momentum (Stoch RSI) shows early signs of bearish divergence.
Trade Setup (Short-biased)
- Entry: If price rejects the 21,380–21,420 zone. Before entering, make sure you see bearish pressure first. Like strong red candle on 1h, 2h time frame.
- First Take Profit 1: 20,600
- Second Take Profit 2: 20,000
Follow me for updates on entry confirmation, scaling strategies, and live adjustments.
Thank you
If you want to learn about trading, we have a telegram group. Join us here: t.me/+vT_3XCSL6uI1ZmU8
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.
If you want to learn about trading, we have a telegram group. Join us here: t.me/+vT_3XCSL6uI1ZmU8
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.