Dow Jones as well as S&P500 are interesting on the 1h chart. Lets see what todays session brings. At the moment I prefer the scenario that we are currently in a corrective ABC up which will find its end around the 61% retracement. At this level another leg down could very well start, target area blue box. However should we rise over the 76.4% retracement this scenario becomes rather unlikely. During todays session the 61.8% should be in focus for a potential short swing setup.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.