Hello & welcome to this analysis
S&P on the eve of FOMC meet is at the slanting trendline with a diagonal ripe for a pullback/reversal
4017 needs to be breached on the upside
3950 if broken then more downside coming
Always look at higher timeframe when drawing trendlines and use the magnet on trading view helps you connect the lines with much ease and ultimate's false signals
As weekly and monthly uptrends still intact as such investment strategy bias remain long on any bounces. However, we need to be aware that there are down pressure building up for awhile, including some volume weakness at tops, positive funding rates on perpetual swaps and general feel of the commitment of traders repot
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Hello everyone, here is the top-down analysis for EURCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
