ES breaks below3600 before the end of the year
As shown there are several reasons both fundamental and technical to believe that ES May sink below 3600 before the end of the year.
-Fed suggest that it will continue to rely on a market based and performance based interest rate policies
but as of yet has not suggested and easing of and interest rate increases throw out the coming year in 2023.
-broke below 3990 a three month long daily channel
-23 days of support broke below 3940
-End of the year, trade smart but It could be a nice trade with a 2:1 or 3:1 opportunity
-Fed suggest that it will continue to rely on a market based and performance based interest rate policies
but as of yet has not suggested and easing of and interest rate increases throw out the coming year in 2023.
-broke below 3990 a three month long daily channel
-23 days of support broke below 3940
-End of the year, trade smart but It could be a nice trade with a 2:1 or 3:1 opportunity