Hello and Welcome to this analysis
Post FED rate hike last night, S&P declined sharply and is now near a strong support in daily and hourly time frame.
This level of 3675-2725 could work as a good support for now.
Bounce for 3800-3850 or reversal till 4000-4050 likely if held
Post FED rate hike last night, S&P declined sharply and is now near a strong support in daily and hourly time frame.
This level of 3675-2725 could work as a good support for now.
Bounce for 3800-3850 or reversal till 4000-4050 likely if held
Note
3675-3725 ... TYPO errorNote
NASDAQ also has a bullish bat at 10550-600
Note
S&P bounce target done, now for the reversal trgt of 4000
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Related publications
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.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Related publications
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.