S&P 500 IndexShort
Consolidation time and then dump or more chop
I see only two scenarios: We create a swing low Monday on bad ISM data and weekend CV news, then start consolidating for a few days to perhaps weeks and then get rejected at first key ressitance like weekly 50 EMA/MA at around 3030. I don't think the trapped longs from last fall to now will be able to get out. That is wishful thinking even with Fed intervention.
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.
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.