now we look for Monday to give us some clues for the next move.
Option 1 - We get a move down to 5320 before one more high up to 5400 area.
Option 2 - The top is in on this run from the April low and we get a deeper PB down towards 5200 followed by another ATH around 5500.
Option 3 - But less likely, it holds Fridays lows and we get one more run up to 5400 then a deeper correction.
Things to watch going into this week with Inflation data Wednesday/Thursday and the next Interest rate decision out of the US Wednesday were they are expected to keep things at the same level.
I will also post expected intra-day movements throughout the week.
Enjoy the week, watch for Monday clues.
註釋
Coming into CPI Data & US Interest rates today we are getting near the upside targets after we got the slightly deeper PB. The question now is, do we spike up into the reversal zone and then start to sell off or do we just run straight through and look for higher levels. Either way its going to be a wild couple of days.
Enjoy the day.
註釋
After exceeding the upper levels I was looking at we are now at the 1.618% extension level from the 2023 high. There is also the bigger ABCD Target up at 6100. As it looks we will likely see a correction here then followed by more upside. A move back to 5500 would be nice. Monday will give us the clues. Not a lot of market moving data this week but we are getting into Earnings with the Banks kicking us off as usual.
Enjoy the week.
t.me/OCEANAISIGNALS
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t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
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。