At the daily level, this decline pierced the 10-day moving average and rebounded. Yesterday, the U.S. market fell to a low of 3306, which happened to be close to the 10-day moving average. It can be seen that the effectiveness of the 10-day moving average support has become the key to today's market. In the short term, we can rely on the 10-day moving average to continue to see a shock rebound. If today's rise breaks through and stabilizes the 5-day moving average, then this wave of adjustment will be over, and the market will return to a strong position again. If the 10-day line is lost, the market will be at risk of accelerating its retreat to 3228.
In the short term, at the 4-hour level, the market showed signs of stopping the decline and stabilizing at 3260. The K-line is currently above the moving average, but it has not stood firmly above the middle Bollinger rail, which is not an extremely strong state. Below the middle rail, we can still see adjustments at high altitudes. If it falls downward, pay attention to 3315 and 3306, near last night's lows, and look for a rebound. In the short term, operate in the 3306-3356 range, focus on the strength of the European session and then arrange the US session.
In the short term, at the 4-hour level, the market showed signs of stopping the decline and stabilizing at 3260. The K-line is currently above the moving average, but it has not stood firmly above the middle Bollinger rail, which is not an extremely strong state. Below the middle rail, we can still see adjustments at high altitudes. If it falls downward, pay attention to 3315 and 3306, near last night's lows, and look for a rebound. In the short term, operate in the 3306-3356 range, focus on the strength of the European session and then arrange the US session.
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100% accurate trading signals
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100% accurate trading signals
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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.