S&P Post ISM Data (fear) 20/40 or 100 MA?
After Manufacturing data out the US caused fear and a selloff in Global Equities, we can look for new areas likely to be hit.
This comes before key jobs data also out the US.
Key support exists lower, and could be ideal for very, very light longs in a risk off environment.
To the north? Short areas around 20/40 with caution again.
If markets reject current impetus and go with strong economy rhetoric. We may see further rises.
This comes before key jobs data also out the US.
Key support exists lower, and could be ideal for very, very light longs in a risk off environment.
To the north? Short areas around 20/40 with caution again.
If markets reject current impetus and go with strong economy rhetoric. We may see further rises.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.