My CPU runs hot when I open the chart so I will try to explain it in words.
This could be a iSHS or WW or WXY.
iSHS: >35k --> 37k.
WW: false break at 34975. Drop to 33k+- possible.
WXY: WX done. Y could drop to 33k+-.
In addition we saw a lot of gaps this week.
The further printing news from Fed and ECB are out.
Indicators ...
Double top: 35k, 33k, 35k --> down to 31k.
We will probably see a drop to 33k or lower.
Short YM at 34970.
This could be a iSHS or WW or WXY.
iSHS: >35k --> 37k.
WW: false break at 34975. Drop to 33k+- possible.
WXY: WX done. Y could drop to 33k+-.
In addition we saw a lot of gaps this week.
The further printing news from Fed and ECB are out.
Indicators ...
Double top: 35k, 33k, 35k --> down to 31k.
We will probably see a drop to 33k or lower.
Short YM at 34970.
Trade closed manually
Flat 33870 ==> +1100
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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.