S&P futures daily chart AIL buy climax at key level
S&P is all-in-long, in a tight bull channel, buy for any reason, but now at a point of likely exhaustion after a possible climax. Price testing the breakout point from the last FOMC day and big selloff. Bulls will take profits here and bears will look for a foothold to sell. Since the market is in a large trading range, odds favor a pullback. If price continues higher, odds will favor a deeper pullback and possible reversal. Likely a small trading range today.
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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.