SP500 is fast approaching a major confluence zone of resistance in the form of:
-Multi-Year Trendline Resistance
-78.6 Retrace of the March lows
-March swing high
From a risk-reward perspective.
I am favoring shorts.
Be wise to wait for price action on lower time frames before getting in short.
Best of luck! :)
-Multi-Year Trendline Resistance
-78.6 Retrace of the March lows
-March swing high
From a risk-reward perspective.
I am favoring shorts.
Be wise to wait for price action on lower time frames before getting in short.
Best of luck! :)
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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.