After trading into our key area at 15144.2 we are bearish on daily bias and trading below our 50 and 8 MA. We are looking to sell into the imbalance on H4 at 14902.0
Target 1 @ 14559.5
Target 2 @ 14355.0
Another important thing to observe is the break in market correlation on the 3 US major indexes (S&P500, Dow Jones and Nasdaq) if we see a break in market structure on the daily timeframe on all 3 majors, we may see continued selling pressure.
Target 1 @ 14559.5
Target 2 @ 14355.0
Another important thing to observe is the break in market correlation on the 3 US major indexes (S&P500, Dow Jones and Nasdaq) if we see a break in market structure on the daily timeframe on all 3 majors, we may see continued selling pressure.
-1.12%