I was bullish SPX yesterday, looking for a bullish continuation of Wednesday's up. However, market has other views. Market was practically ranging between DBZ above and PZ below, before making a fake breakdown then closing up. However, price is still unable to close within/above the DBZ.
In terms of price action, I would say that daily candle is neutral/bearish (bearish as it looked a hanging man), capped by DBZ while PZ below acting as support. I see yesterday's move as a pullback to kill late bulls before further up (today).
And if my thesis is right, the up move should come early in the day - Asian/European session. NFP today, and that would be market moving. I am overall still of a view of a green close; if market goes down first before NFP, looking for an up move.
But of course, if market already moved prior to NFP, just trail stops and let it ride.
In terms of price action, I would say that daily candle is neutral/bearish (bearish as it looked a hanging man), capped by DBZ while PZ below acting as support. I see yesterday's move as a pullback to kill late bulls before further up (today).
And if my thesis is right, the up move should come early in the day - Asian/European session. NFP today, and that would be market moving. I am overall still of a view of a green close; if market goes down first before NFP, looking for an up move.
But of course, if market already moved prior to NFP, just trail stops and let it ride.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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。