S&P 500 (ESZ2024) - Delivery Has Been Finalised Before Upload!
I thought it would have been a good idea to take a nap before going over and posting my analysis but it seems like the projection of $5,766.75 has already been met.
Will keep you guys updated in the comments section.
Will keep you guys updated in the comments section.
Note
Back at where we started.
Relative equal lows was tagged yesterday but failed to target the daily highs (although price did get close)
Although bearish, i would like to see manipulation above relative equal highs @ $5,808 and even a stretch to $5,830 ATH before capitulation.
This is the definition of a high resistance liquidity run week
Note
Minor manipulation to the downside before price action closed above the previous days high.
All whilst dollar is presenting risk off conditions
I've got my eyes on $5,800 today
If the bull run continues, i will sit this one out
Note
5 weekly bullish candles, with 3 out of the 5 weeks being very lacklustre after previous $5,785 all-time highs was printed.
Bias is still short until i see a full candle body closure above $5,846 with dollar index presenting risk on scenarios, NQ booking highs as well as YM
Note
$5,813.75 is where i have my focus on today.
Yesterday was a high resistance liquidity run.
Will today present me with the necessary volatility to create a low resistance liquidity run?
Note
Weekly Close
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.