Short
US100 | Next Week's Bearish Expectation
US100 continues it's strong bearish trend and has broken the significant support from Jun-Jul'22. Right now it's retesting support zone as resistance.
Plan: Considering the recent increase in FED interest rates, stronger USD and weaker stock market positions. As the price reflects back from resistance it can rally to the next major resistance area near 11100-11000, trade plan can be as follow:
SL: 11430
Entry: 11290
TP: 11100
Plan: Considering the recent increase in FED interest rates, stronger USD and weaker stock market positions. As the price reflects back from resistance it can rally to the next major resistance area near 11100-11000, trade plan can be as follow:
SL: 11430
Entry: 11290
TP: 11100
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.
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.