This actually looks like a slowdown of bullish momentum overall to me. It has rejected the daily SR zone of 1684.68 multiple times and is becoming overbought on higher timeframes. We may see another stutter step before another move toward the downside.
But the Coronavirus procedure here in the U.S. has been flawed due to lack of preparation and the market is been reflecting that. So if we do continue bullish, it'll be because of news on the United States right now.
Here are your TPS:
BEAR TPS:
• 1652.46
• 1635.33
• 1612.96
BULL TPS:
• 1683.62
• 1697.70
• 1720.94
But the Coronavirus procedure here in the U.S. has been flawed due to lack of preparation and the market is been reflecting that. So if we do continue bullish, it'll be because of news on the United States right now.
Here are your TPS:
BEAR TPS:
• 1652.46
• 1635.33
• 1612.96
BULL TPS:
• 1683.62
• 1697.70
• 1720.94
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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.
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.