Long
US500 Weekly Outlook (ICT Mentorship)
Expecting a green week, reasons below.
Weekly
Zooming out and looking at this year's range, on the weekly we could see an expansion over the 50% equilibrium, only to be followed by a strong sell off (considering all the macro factors).
Daily
My outlook for a bullish week:
Ø We are already so close to the weekly swing high
Ø Weekly factors mentioned before
Ø Close to weekly resistance level (looking to test it)
Ø A lot of buyside liquidity resting nearby from people going short
It is possible we see a bit of correction short term to fill out the gaps left behind before going higher for the week.
Good Luck!
Weekly
Zooming out and looking at this year's range, on the weekly we could see an expansion over the 50% equilibrium, only to be followed by a strong sell off (considering all the macro factors).
Daily
My outlook for a bullish week:
Ø We are already so close to the weekly swing high
Ø Weekly factors mentioned before
Ø Close to weekly resistance level (looking to test it)
Ø A lot of buyside liquidity resting nearby from people going short
It is possible we see a bit of correction short term to fill out the gaps left behind before going higher for the week.
Good Luck!
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.