Similarly to NDX, price gap up and is going higher. Pullback will come and difficult to short a strong market.
Initial resistance at 3540 breached and now at next R 3564. If fail, look for re-test of 3540 for a bounce. If it holds, we are looking at ATH and higher.
If 3422 breaks, look for shorts to 3502, 3472-80, 3440-47. 3416 is a low support which will cap low of day.
Initial resistance at 3540 breached and now at next R 3564. If fail, look for re-test of 3540 for a bounce. If it holds, we are looking at ATH and higher.
If 3422 breaks, look for shorts to 3502, 3472-80, 3440-47. 3416 is a low support which will cap low of day.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.