This week's open suggests a short-term bullish scenario before Wednesday, interest rates where I anticipate will be the high/low of the week.
The first target is Friday's high (25845.75) and then the high from January 13th, where there is pending CPI Data highs (26045.5).
The invalidation point is 25461.75. If the idea is invalidated, I'm looking for 24887.75 as a bearish target.
Also, Trump speaking on Tuesday could bring some volatility to the markets.
The first target is Friday's high (25845.75) and then the high from January 13th, where there is pending CPI Data highs (26045.5).
The invalidation point is 25461.75. If the idea is invalidated, I'm looking for 24887.75 as a bearish target.
Also, Trump speaking on Tuesday could bring some volatility to the markets.
Trade active
Target 1 DeliveredNote
Target 2 reached. Im looking for a clear sweep or close above of the 26045.5 level. Expecting 16hs volatility with Trump SpeaksTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.