Simple chart.
Gap at 230
Fib support at 230
50ema at 230
Wait for price to tag 230
Then long to 235 (21ema)
Dont know if it can break above 235
But if it does it will most likely come on Core PCE on Friday. Above 235 and 240 comes..
I think small caps and cylicals outshine the next 2 weeks but only if Iwm breaks above 235
Gap at 230
Fib support at 230
50ema at 230
Wait for price to tag 230
Then long to 235 (21ema)
Dont know if it can break above 235
But if it does it will most likely come on Core PCE on Friday. Above 235 and 240 comes..
I think small caps and cylicals outshine the next 2 weeks but only if Iwm breaks above 235
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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.