SPX500 Intraday Setup.
Updated
US500 - Intraday - We look to Sell at 3382 (stop at 3401)
Price action has formed a bearish ending wedge formation.
200-hour EMA is at 3388.
Bespoke resistance is located at 3385.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
Our profit targets will be 3322 and 3302
Resistance: 3350 / 3380 / 3400
Support: 3330 / 3310 / 3300
Price action has formed a bearish ending wedge formation.
200-hour EMA is at 3388.
Bespoke resistance is located at 3385.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
Our profit targets will be 3322 and 3302
Resistance: 3350 / 3380 / 3400
Support: 3330 / 3310 / 3300
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Order expired intraday.
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