SPX500 getting absorbed by sellers!
Hey tradomanics,
currently we see an inceberg-order and absorptionat the top of the day.
As long as aggressive sellers dont appear price wont drop as limit-orders can`t move the market, but we know we have a strong resistance here!
Overall a fakeout-zone so watch this price carefully! A another fakeout above this orderblock could provide more liquidity to the sellers.
Current situation is not very clear but buyers tend to exthaust so a drop is likely!
What do you think?
currently we see an inceberg-order and absorptionat the top of the day.
As long as aggressive sellers dont appear price wont drop as limit-orders can`t move the market, but we know we have a strong resistance here!
Overall a fakeout-zone so watch this price carefully! A another fakeout above this orderblock could provide more liquidity to the sellers.
Current situation is not very clear but buyers tend to exthaust so a drop is likely!
What do you think?
Note
Note
Note
Here we go! 
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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.