S&P 500 IndexShort
SPX pathway to close the CPI gap if the FED does not pivot
Updated
I dont see the FED to pivot any time soon.
It can be another Jackson Hall event which will start a new directional move.
My ideal pathway is the low around Dec OPEX and high early Jan (might be the 200MA test)
Must hold numbers on closing level for tomorrow are:
- 3944.50-45
- 3906.50
Both are maj support zones.
Second number fits the best with other trendlines align around 3906-14SPX level
If the price will get a 4k test in am, it will be a perfect short for a move down to 3944SPX a min if not more.
Both long and short setups are coming, be patient if not in a trade already, be patient if you're
I gave you the levels to watch, feel free to use them for your own homework.
Have a good night.
It can be another Jackson Hall event which will start a new directional move.
My ideal pathway is the low around Dec OPEX and high early Jan (might be the 200MA test)
Must hold numbers on closing level for tomorrow are:
- 3944.50-45
- 3906.50
Both are maj support zones.
Second number fits the best with other trendlines align around 3906-14SPX level
If the price will get a 4k test in am, it will be a perfect short for a move down to 3944SPX a min if not more.
Both long and short setups are coming, be patient if not in a trade already, be patient if you're
I gave you the levels to watch, feel free to use them for your own homework.
Have a good night.
Note
Support worked like a charm today, lets see how tomorrow goesNote
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.