US500 - All Eyes On Fed Funds Rate!🏛

Dec 14, 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

US500 is overall bearish from a long-term perspective trading inside the falling broadening wedge pattern in brown, and it is currently retesting the upper brown trendline.

As per my last idea, we were expecting a rejection around the upper brown trendline

For the bears to take over, and start the next bearish impulse movement, we need a break (momentum candle close) below the last major low in orange (3900)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich