S&P 500 (ESH7 Mar Mini)
Jan 02: 17.30 AEDT
Awkward chart - due to spinning top on Friday.
I was expecting window dressing last week, and it was the bears.
Next week, with most traders still on break, I am now expecting a brief rally.
The tax losers are sold and growth stocks may support.
Strong support at the 50% Fib, with rising secondary support by late Feb.
The rolling top pattern normally requires a return to its starting point.
I think it may be happy around the 2207+/- area.
My main indicator is the DMI - the yellow line.
Anywhere sub 20 is normally the buy alert (with +DI in the same country)
and above 30 is a sell (with +DI above and turning down).
Warning was the 12th; signal was the 21st+.
I am currently short and will close stop and reverse on Yellow/+DI sub 20 &/or the initial support area getting traction 2205.
Then add or bale and wait for 2171-2181
... just my 2cents worth
You are adults so please use your own plans and thought processes
Awkward chart - due to spinning top on Friday.
I was expecting window dressing last week, and it was the bears.
Next week, with most traders still on break, I am now expecting a brief rally.
The tax losers are sold and growth stocks may support.
Strong support at the 50% Fib, with rising secondary support by late Feb.
The rolling top pattern normally requires a return to its starting point.
I think it may be happy around the 2207+/- area.
My main indicator is the DMI - the yellow line.
Anywhere sub 20 is normally the buy alert (with +DI in the same country)
and above 30 is a sell (with +DI above and turning down).
Warning was the 12th; signal was the 21st+.
I am currently short and will close stop and reverse on Yellow/+DI sub 20 &/or the initial support area getting traction 2205.
Then add or bale and wait for 2171-2181
... just my 2cents worth
You are adults so please use your own plans and thought processes
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.