Hi Fellow traders
I'll be starting my regular post of my bias of the market. Using Futures market as a indication of potential strength and weakness of the market.
Bias will be shorter bearish on S&P as you can see from the comparison of Nasdaq VS S&P that S&P is failing to break higher higher forming a bearish SMT. As overall longer term trend 1H and 4H is still bullish. We will be playing a retracement leg.
Specifically shorting S&P > Nasdaq.
My prediction would be that market will open lower.
I'll be starting my regular post of my bias of the market. Using Futures market as a indication of potential strength and weakness of the market.
Bias will be shorter bearish on S&P as you can see from the comparison of Nasdaq VS S&P that S&P is failing to break higher higher forming a bearish SMT. As overall longer term trend 1H and 4H is still bullish. We will be playing a retracement leg.
Specifically shorting S&P > Nasdaq.
My prediction would be that market will open lower.
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