The latest sell-off comes as higher yields and softening growth expectations weigh on risk. SPX is now testing the lower bound of the August channel and the anchored VWAP – a crucial confluence.
A reaction here sets the tone. A bounce could keep the structure intact, while a clean break opens the door to a broader correction and more cash waiting on the sidelines.
What’s your read?
A reaction here sets the tone. A bounce could keep the structure intact, while a clean break opens the door to a broader correction and more cash waiting on the sidelines.
What’s your read?
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.