Hello Traders! Market has signaled the bear market correction on weekly chart. It has broken its major weekly support at 4535.
Support levels and target: 4330,4160
Next level of support: 4000
Interest rate hikes , earnings , FOMC minutes on 26th so we can expect more downside .
Historically Jan, Feb, March months always supports bear market.
Thanks!
Support levels and target: 4330,4160
Next level of support: 4000
Interest rate hikes , earnings , FOMC minutes on 26th so we can expect more downside .
Historically Jan, Feb, March months always supports bear market.
Thanks!
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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.