$SPX Bounce
Think 200MA will be the bottom of this correction,
-Strong reversal on Friday, forming a big bullish hammer candle
-
US10YR touched the roof of its channel with a bearish long hammer candle (fear of a rising inflation triggered its rise and the stock market correction)
-The 200MA support was respected
-In this correction, green days' volume was higher than the red ones
-Bullish long candle tails
-Market is oversold right now
However,
Don't think we'll see new highs this week,
-I feel the market still nervous
-Don't think volatility is over
.Think this correction will be like the one two years ago, retesting support
If the bounce continues, will be watching:
Bearish reversal candles
US10YR
Wednesday subjacent inflation report
2664-2704 levels for selling in case of a support retest is coming
2837-2853 next gap resistance
Relax, a lot of bears are calling the end of the world. This is normal and healthy for a wonderful bull market like this one.
Remember to trade with your mind and not your stomach.
-Strong reversal on Friday, forming a big bullish hammer candle
-
US10YR touched the roof of its channel with a bearish long hammer candle (fear of a rising inflation triggered its rise and the stock market correction) -The 200MA support was respected
-In this correction, green days' volume was higher than the red ones
-Bullish long candle tails
-Market is oversold right now
However,
Don't think we'll see new highs this week,
-I feel the market still nervous
-Don't think volatility is over
.Think this correction will be like the one two years ago, retesting support
If the bounce continues, will be watching:
Bearish reversal candles
US10YR
Wednesday subjacent inflation report
2664-2704 levels for selling in case of a support retest is coming
2837-2853 next gap resistance
Relax, a lot of bears are calling the end of the world. This is normal and healthy for a wonderful bull market like this one.
Remember to trade with your mind and not your stomach.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.