Good morning Traders. will bulls keep us rocking ? will bears slap us in face ? i honestly think both :)
we might get early buyers jump us to 12700, but it's not a must.
As you can we touch the 200 MA which usually is strong resistance (blue line).
A-B, a-b setup look bullish.
the greenish box is resistance also.
Then bears will retrace us back. we will watch how low can it go, WITH AN EYE on 2431 S&P.
if US continue to rock today, then TP2 is very possibale.
ALSO - TP2 and TP1 can flip - means first 12700 - then retrace (or a fall, if S&P not holding, and breaks below 2431)
So lets see how this days goes.
we might get early buyers jump us to 12700, but it's not a must.
As you can we touch the 200 MA which usually is strong resistance (blue line).
A-B, a-b setup look bullish.
the greenish box is resistance also.
Then bears will retrace us back. we will watch how low can it go, WITH AN EYE on 2431 S&P.
if US continue to rock today, then TP2 is very possibale.
ALSO - TP2 and TP1 can flip - means first 12700 - then retrace (or a fall, if S&P not holding, and breaks below 2431)
So lets see how this days goes.
Comment:
s3.amazonaws.com/tra...shots/d/dcHwDyR6.png