Trend: Daily/Weekly/Monthly: Up/Mixed/Mixed
Hammer week but weakness persist. Expect it to lag SPX and RUT still. 3 possible scenarios: 1) If 13027-95 holds, look for shorts targeting 12417-41 support zone. This zone should offer a bounce to 12771. 2) We have a fast rally from open to 13275, or even 13621 zone by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 12771. 3) We open in Globex and sell off start, targeting 12417 before a bounce to 12611 and further selling to 11921-45 IMO, scenario 1 is most likely.
Hammer week but weakness persist. Expect it to lag SPX and RUT still. 3 possible scenarios: 1) If 13027-95 holds, look for shorts targeting 12417-41 support zone. This zone should offer a bounce to 12771. 2) We have a fast rally from open to 13275, or even 13621 zone by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 12771. 3) We open in Globex and sell off start, targeting 12417 before a bounce to 12611 and further selling to 11921-45 IMO, scenario 1 is most likely.
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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.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.