Make or Break Time in ES with the Fed Ahead
Wednesday, Jan. 20th we saw the ES complete a wave 3 down into MTPredictor daily Decision Point support. Our MTPredictor volume indicator (VSA) closed red which indicated that professionals may be buying this level. This was confirmed at the close when we finished the day with blue buyers candle. When Wednesday’s high was taken out on Thursday, the rally into wave 4 began.
This sets up a big make or break, wave 4 area heading into Wednesday’s Fed announcement on interest rates. The wave 5 target to the downside is 1,790. If we, however, start to see closes above 1,972, then look for a rally back up to 2,000.
This sets up a big make or break, wave 4 area heading into Wednesday’s Fed announcement on interest rates. The wave 5 target to the downside is 1,790. If we, however, start to see closes above 1,972, then look for a rally back up to 2,000.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。