I have noticed that the rally since 2022 lows is forming itself into a decent rising wedge pattern on the SPX.
There is also a small RSI divergence in place that has since migrated to the hourly time frames.
This could be indicative.
There is also a disappointing looking NFP report in the pipeline this week.
I have no active trade, and I will not take a position on this until it confirms (likely to be later in the month if it does confirm) however, I believe that the pattern here which has 3 touchpoints at resistance and 3 touchpoints at support (suggesting the pattern is well defined) warrants attention from traders.
Watch out and trade safe!
There is also a small RSI divergence in place that has since migrated to the hourly time frames.
This could be indicative.
There is also a disappointing looking NFP report in the pipeline this week.
I have no active trade, and I will not take a position on this until it confirms (likely to be later in the month if it does confirm) however, I believe that the pattern here which has 3 touchpoints at resistance and 3 touchpoints at support (suggesting the pattern is well defined) warrants attention from traders.
Watch out and trade safe!
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.
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.