US100 you may want to check this
So US100 hasn't even reached 0.618 fib level in this correction - it is literally fighting with support to reach there.
The only time that price acted like this, has shown a further drop before relief - and that drop should reach 0. 618. Possibly CPI results could trigger it (imho CPI results could come out positive for markets, but the drop would be a flush of greedy longs).
Relief until EOY and a beautiful beginning of 2023 + entry into recession.
Cheers!
The only time that price acted like this, has shown a further drop before relief - and that drop should reach 0. 618. Possibly CPI results could trigger it (imho CPI results could come out positive for markets, but the drop would be a flush of greedy longs).
Relief until EOY and a beautiful beginning of 2023 + entry into recession.
Cheers!
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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.