On the US 500 the scenario yesterday showed sell in on the intermediate structure. However, today we had heavy buying on 5560, so probably we are on phase D on intermediate.
Potential objectives are 5614 and 5625. Don't forget that the whole structure still has more potential, so it will be feasible to give more room for movement. PEPPERSTONE:US500
In macro the price is on Phase D. As it already reached the resistance, it is expected to look for the macro's support. It might not reach it today, but the projection is bearish unless it breaks the macro's ceiling on 5,560 aprox. PEPPERSTONE:US500 CME_MINI:ESU2024
In todays market, it seems that the marke might potentially be making phase D at macro. However, C's projection is already reached but at macro it still has room for movement.
Potential exits on lime lines.
PEPPERSTONE:US500
At the moment the market is on a accumulation phase on macro. The real question here is to what extent we are on the beginning of a trend or to what extent this might be a FOBO?
So, there are potentially 2 scenarios. First, if it breaks 5361 it will give more confidence that this might be the start of the trend. Second, if it breaks 5297, it will be a FOBO and...
