There are signs the recent rally may be stalling. The S&P 500 Index (measured by futures 
ES1!) has retraced to the 50% of the ATH down to the 2/24/22 Ukraine invasion low. This morning there was a spike on the open to give confidence that this is in fact a resistance (see below).
Sentiment wise I am taking these price action signals as confirmation this is Resistance. This price action sets up a short trade with a stop loss above this morning's high and a target at the 50% of the recent rally to around 4300.
It is well within the character of the market over the last 3 months that it could come back to retest the FOMC levels.
ES1!) has retraced to the 50% of the ATH down to the 2/24/22 Ukraine invasion low. This morning there was a spike on the open to give confidence that this is in fact a resistance (see below). Sentiment wise I am taking these price action signals as confirmation this is Resistance. This price action sets up a short trade with a stop loss above this morning's high and a target at the 50% of the recent rally to around 4300.
It is well within the character of the market over the last 3 months that it could come back to retest the FOMC levels.
노트
30m Price action including this morning's spike high double top at Resistance
"Be to others the person you needed to meet 10 years ago"
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.