gb50k

Top or bottom ? - MAJOR confluence in index futures:

Chart shows the combined 3 index. They are weighted so that a 1 point change will imply the same change in $ terms. (For weights see https://www.barchart.com/futures/contract-specifications/indices

  • In the red box is a confluence of:
    Support from 3mo chart (previous 2 candle) in purple
    POC of Volume Profile
    0.5 Fib of recent HH and LL.
    Redbox marks current swing high and low

The Prediction:

Expansion of range
Direction: I assume random
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