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.
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