We continue with our overall bearish bias of U.S. indices due to the aggressive hawkish tone of the Federal Reserve, hiking interest rates to combat the fast pacing inflation.
Bearish Scenario A: Retracement to 32600 key level, creating an upper weekly wick, grabbing orders, before a bearish continuation to the downside.
Bearish Scenario B: A breakout below 31900 - 31800 key levels for bearish continuation to revisit current monthly and yearly lows.
Target: 31250 Key Level
Bearish Scenario A: Retracement to 32600 key level, creating an upper weekly wick, grabbing orders, before a bearish continuation to the downside.
Bearish Scenario B: A breakout below 31900 - 31800 key levels for bearish continuation to revisit current monthly and yearly lows.
Target: 31250 Key Level
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Website: unclebullgroup.com
Instagram: @UncleBullGroup
Website: unclebullgroup.com
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.
Free Discord: discord.gg/HpF9uG35Zs
Instagram: @UncleBullGroup
Website: unclebullgroup.com
Instagram: @UncleBullGroup
Website: unclebullgroup.com
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.