The structure in the S&P 500 daily chart implies profit taking on Friday. The expectation is there will not be dramatic selling on Monday. It is important to keep in mind a broader structure is a potential double top which could present a long-term high for this market.
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.
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.