D:
Sentiment: Above Neutral
Trend: up
Flow: N/A
Support: 485 b\o resistance turned support test/ 480 UTL
Resistance: 500 psych/UTL
4hr:
Sentiment: Bearish
Trend: up
Support: 480
Resistance: 500
1hr:
Sentiment: above neutral
Trend: up
Support: 485
Resistance: 492 UTL
Analysis:
Sentiment not much of a factor here considering that we can stay hot longer than expected and other than 4hr others are above neutral. NFP expected to be + for tech in theory (or at least the bar is higher for a negative reaction) and that fresh breakout on daily can have more legs to that 500 area before pullback. Personally I’d like to see a retest of the b/o spot at 485 before taking a long but all depends on reaction.
Sentiment: Above Neutral
Trend: up
Flow: N/A
Support: 485 b\o resistance turned support test/ 480 UTL
Resistance: 500 psych/UTL
4hr:
Sentiment: Bearish
Trend: up
Support: 480
Resistance: 500
1hr:
Sentiment: above neutral
Trend: up
Support: 485
Resistance: 492 UTL
Analysis:
Sentiment not much of a factor here considering that we can stay hot longer than expected and other than 4hr others are above neutral. NFP expected to be + for tech in theory (or at least the bar is higher for a negative reaction) and that fresh breakout on daily can have more legs to that 500 area before pullback. Personally I’d like to see a retest of the b/o spot at 485 before taking a long but all depends on reaction.
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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.
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.