With our current geopolitical standing, the degree of the drop the 23rd-24th of June, and the direction. analysis of the SPX, I believe we have been presented with a very fruitful opportunity. We've seen a NASTY dip after what seems to be a 5 wave move up.
After drawing fib retracements, we closed the market with a small dip under the .5 retracement level. its HERE i added.
Should The indexes react to their potential "Abandoned Baby" setups, Oil should rebound.
After drawing fib retracements, we closed the market with a small dip under the .5 retracement level. its HERE i added.
Should The indexes react to their potential "Abandoned Baby" setups, Oil should rebound.
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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.