Going short on the S&P 500 is a good call for the following reasons:
1. Price is nearing short daily resistance at the yellow horisontal line.
2. On 4 hour chart, you will see the rising wedge formation it currently trades in.
3. Using the TD indicator, is is currently on a perfected 8, though this 8 is actually the second TD 8 in a consitant move up so it receives even more weight. 4 hourly TD 9 commence at 12h00am and we should see cipitulation.
4. 1hour and 4hour charts are at 90 on the Stochastics.
A lot of reasons why the S&P up move would get resistance in the next couple of hours.
1. Price is nearing short daily resistance at the yellow horisontal line.
2. On 4 hour chart, you will see the rising wedge formation it currently trades in.
3. Using the TD indicator, is is currently on a perfected 8, though this 8 is actually the second TD 8 in a consitant move up so it receives even more weight. 4 hourly TD 9 commence at 12h00am and we should see cipitulation.
4. 1hour and 4hour charts are at 90 on the Stochastics.
A lot of reasons why the S&P up move would get resistance in the next couple of hours.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.