Really just a bread and butter setup. Our daily bias is bearish and both MA's are bearish. We have a strong resistance area coming in at 13272.90 which we are looking to sell into provided that Tuesday closes below opening price at 13052.80
Our target will be to sweep the next low at 12710.40
Our target will be to sweep the next low at 12710.40
Comment:
FOMC and Interest rate report is being released at 20:00 Central African Time. I anticipate high levels of manipulation but our trade setup is still valid.