SPX500USD The whole market is riding higher on FOMO and hopes instead of fundamentals. Herd mentality will drive it higher until momentum to take profits starts gaining traction. Current entry price has more downside risks than upside risks.
careful now.. ES1! & NQ1! are at resistance on lower time frames and both printing quite different candles.. beware of a fakeout... triple confirm if a breakout is real by exercising patience
US500 is showing signs of trend strength but may see a pullback before continuing higher. Here’s what I’m watching:
Key Levels & Indicators:
1. Support Zones: HVN nodes at 5831 and 5710. 2. ADX & RSI: Bullish overall, but potential exhaustion on lower timeframes. 3. Confirmation Signals: 4-hour Ichimoku conversion line, MACD, and RSI for possible re-entry on pullback.
Looking for an in-depth breakdown? Full setup with trade ideas and risk management is up—check it out!
US500 some premium users speculating a huge dump after this accumulation, it could be the direct opposite as well. Remember, most users are premium because they have the money to pay for it and majority is not money made from trading.
Don't blindly follow an idea because it came from premium user who prolly also have a telegram channel he's ripping people off from.
Plan your own execution, SL always a must. Reasonable RRR. Wait for proper structure (breakout/fakeout, et cetera.)