Ares Management CorporationUpdated ARES MANAGEMENT CORPORATION
ARESAnother good candidate for trading today
It's possible that today's paper won't be allowed to go up, because so far all for a false breakout plus all the SPY is now -0.13%.
But there are two possible scenarios in this paper:
1. Today there will be a 38.08 level retest, a false breakout and a rollback.
We look at the SPY and make a decision based on the general market direction.
2. Breakout of the level and fixation above it. At level retest we enter the long.
But we have to be careful with the longs today because of SPY.
Order cancelled
model is broken
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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.