Based on technical analysis , both PA and volume profile we should test supply zone around 1650 level as there is a volume POC of a range and than agressive selling. This level should be tested sooner or later.
Based on technical analysis , both PA and volume profile we should test supply zone around 23500 level as there is a volume POC of a range and than agressive selling. This level should be tested sooner or later.
What I expect from FOMC is a move up to untested high of decembers CPI and than move down to test untested low of novembers CPI as those levels have allways been tested by the big boys and banks in the last 5 years.
Also about 60% of retail traders are currently short on US500 which indicated that we should get their stop losses before we actually go down.
