US100
chart mapping/analysis for last week of November. TBC further details/write-up via ideas section, cheers.
US100
chart mapping/analysis for last week of November. TBC further details/write-up via ideas section, cheers.
- US100 continues bullish consolidating much like US500 chart.
- Upper range ascending parallel (green) acting as resistance (for now).
- Pull-back to 78.6% Fib/S1 support line/200MA confluence zone aka "Return to Scene of (breakout) Crime" for sustainable rally into 2024.
- Overall bias is to the upside - however risk management, position sizing, stop-losses, etc = critical when any negative economic data release, Fed comment
- &/or geopolitical event is enough to trigger a broad market dump.
DYOR.