Hey tradomanaics,
during the London-Session I have seen a big player buying into the sell-off with huge orders over and over again and protected the futur-price-area of 3.250!
This could indicate a smart-money-accumulation and so a stacking of buys.
Will SPX go up again?
It is a very trick situation in the market now.
We have some news causing this current sell-off in the market but not enough as lots of important events will happen this week and I expect the market to wait for them.
Increasing corona-cases were no problem for the market in the past and I`m not tempted to follow all these sell-offs as the fundamental impulses are clearly missing.
Looking at the orderbook I can clearly see big smart-money-orders at 3.250 (S&P500) which can be accumulation of institutional traders.
Lots of pairs are currently re-testing significant KEY-ZONES.
A classic move would be to see sudden positive news and so a bounce off of these levels.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
during the London-Session I have seen a big player buying into the sell-off with huge orders over and over again and protected the futur-price-area of 3.250!
This could indicate a smart-money-accumulation and so a stacking of buys.
Will SPX go up again?
It is a very trick situation in the market now.
We have some news causing this current sell-off in the market but not enough as lots of important events will happen this week and I expect the market to wait for them.
Increasing corona-cases were no problem for the market in the past and I`m not tempted to follow all these sell-offs as the fundamental impulses are clearly missing.
Looking at the orderbook I can clearly see big smart-money-orders at 3.250 (S&P500) which can be accumulation of institutional traders.
Lots of pairs are currently re-testing significant KEY-ZONES.
A classic move would be to see sudden positive news and so a bounce off of these levels.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)