Hello guys good morning!
If you are one of these people that thinks everything is fine and FED have gotten you covered, then I would reconsider it. Today I expect SP500 under heavy resistance, as we could already seem on it`s future markets overnight. I`m not saying that it`s time to short either, but if you are looking for a good buying point, it would be reasonable to wait and observe the price action during this testing period. Maybe if we lose this previous low marked on red, we could see selling volume rising once again. It is important to notice that buying volume on daily chart last week wasn`t much of a big deal too. So, the message is: Wait for confirmation, because traps are set!
Hope you guys have a nice week and a profitable trading section!!
If you like my ideas, hit the thumbs up button and feel free to comment!
If you are one of these people that thinks everything is fine and FED have gotten you covered, then I would reconsider it. Today I expect SP500 under heavy resistance, as we could already seem on it`s future markets overnight. I`m not saying that it`s time to short either, but if you are looking for a good buying point, it would be reasonable to wait and observe the price action during this testing period. Maybe if we lose this previous low marked on red, we could see selling volume rising once again. It is important to notice that buying volume on daily chart last week wasn`t much of a big deal too. So, the message is: Wait for confirmation, because traps are set!
Hope you guys have a nice week and a profitable trading section!!
If you like my ideas, hit the thumbs up button and feel free to comment!
