As we're starting to see the DXY hinting at a reversal, we're seeing Crypto starting to bounce at important support levels.
As Crypto and SPX seem to be moving together, it's likely we'll see the SPX open green today and bounce off of support
In my chart we can see the highest deviation from the orange average volume zone is 9-10%
Currently the price has made a 10% deviation from this level so expecting the price to move back up at least until the next resistance levels around 4100 - 4250
As Crypto and SPX seem to be moving together, it's likely we'll see the SPX open green today and bounce off of support
In my chart we can see the highest deviation from the orange average volume zone is 9-10%
Currently the price has made a 10% deviation from this level so expecting the price to move back up at least until the next resistance levels around 4100 - 4250
Note
SP500 did get the bounce i showed on my chart and has chosen the 2nd path which is to roll over and move down (see my newest post on the SPX Futures)
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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.