With recent news on the FED’s outlook of an “official” recession along with potential ADDITIONAL rate hikes into the new year, the SPX (S&P 500) looks to go a little lower with more pain to come.
What I’ve noticed:
Long term overall down trend has stayed in tact
Short term up trend has been broken (blue arrow)
Fresh supply zone marked with candles closing below it
Nearest landing of substantiality is near 3762 – 3753
What I am predicting will happen is a retest of the supply zone for a potential bull trap and a quick rejection down. I am looking for a SELL trade once the SPX has re-entered my supply zone with a take profit before the said landing area of 3762 – 3753
Not financial advice. Hotep & Build (wealth)
What I’ve noticed:
Long term overall down trend has stayed in tact
Short term up trend has been broken (blue arrow)
Fresh supply zone marked with candles closing below it
Nearest landing of substantiality is near 3762 – 3753
What I am predicting will happen is a retest of the supply zone for a potential bull trap and a quick rejection down. I am looking for a SELL trade once the SPX has re-entered my supply zone with a take profit before the said landing area of 3762 – 3753
Not financial advice. Hotep & Build (wealth)
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。