1.439 level (.382 fib) has held as support so far. As such set up has not been invalidated yet.
In the so-called smooth market, functioning the S&P500 has had 14 gaps in the last 16 trading days. A correction seems quite near. The rise of crypto is also an expression of the societal collapse of trust in the monetary control of central banks and their credibility with the public. Overstretched MACD , how long can this hold? The broader market is barely moving...
VIX has been forming quite a lot of gaps lately. This chart suggests remaining risk lower into filling the open gaps still, but the pattern is tightening and looks to come to a resolution at any moment between now and in the next week. This smaller pattern suggests room for a VIX breakout into the low to high. The longer-term structures continue building for a...
The dollar index may be about to push a lot higher. The DXY has seen its RSI fall well below oversold levels at 30, all the way down to 18. Now that the RSI is starting to rise steadily while the index has been trending on the lower side of the channel, creates a divergence indicating a dollar reversal to higher levels. The U.S government spending soars while...
Can possibly give a good up-move once broken out of range.
Scenario A- If holds 590 can look to go long with target of 611. Scenario B- If breaks below 590 can look to short with target of 572.
Trade: If breaks 17100 can short with a target of 16270.