S&P is at resistance.
Notice many indicators are elevated and the RSI is overbought.
I am anticipating a pull back to the 50% area, which may coincide with the lower parallel channel and lower BB.
Then if that holds, more bullish upside, if it fails, then new lower lows to be discovered.
Good Luck
Notice many indicators are elevated and the RSI is overbought.
I am anticipating a pull back to the 50% area, which may coincide with the lower parallel channel and lower BB.
Then if that holds, more bullish upside, if it fails, then new lower lows to be discovered.
Good Luck
Note
Bottom BB on daily is hit. watch for support at 50MA.
Note
GAP is filled. no immediate rejection and the 1H squeeze is soon to cross bullish. I see a test of 4150 next.
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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.