Jerome Powell And 15m 12 EMA Bear Control SPY & QQQ
After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it.
- at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable
- if QQQ start dropping more than 50% retracement everything will start favoring the bears
- Jerome Powell spoke today and now market is pricing in 71% chance of a 0.5% bps hike. he is speaking again tomorrow mornings 7am
- Very key area for battle between bulls and bears now.
- at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable
- if QQQ start dropping more than 50% retracement everything will start favoring the bears
- Jerome Powell spoke today and now market is pricing in 71% chance of a 0.5% bps hike. he is speaking again tomorrow mornings 7am
- Very key area for battle between bulls and bears now.
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.