Description of Chart:
With the federal reserve meeting and the easily guessed no move in interest rates is out of the way, next week should be a good week to get some trades on. The main concern for those bulls out there is that there could be a potential move down into next week. I am looking for a move down in the US30 from 17651 to touch near the 200 day moving average which will be around 17300, a move of 350 points. It is worth noting that the UK referendum is also this week, 23/24th which could also add some downward pressure as people close out positions ahead of the decision. This is all hearsay and could actually rally back up into the pink trading zone (resistance at 17978 to 18106).
Would YOU like to become a member and join a live trading room? Take a look at my website below.
Website: www.lukelehepuu.com
With the federal reserve meeting and the easily guessed no move in interest rates is out of the way, next week should be a good week to get some trades on. The main concern for those bulls out there is that there could be a potential move down into next week. I am looking for a move down in the US30 from 17651 to touch near the 200 day moving average which will be around 17300, a move of 350 points. It is worth noting that the UK referendum is also this week, 23/24th which could also add some downward pressure as people close out positions ahead of the decision. This is all hearsay and could actually rally back up into the pink trading zone (resistance at 17978 to 18106).
Would YOU like to become a member and join a live trading room? Take a look at my website below.
Website: www.lukelehepuu.com
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