I don't do Intraday chart posts for various reasons however this chart is the most important watch of the year.
Right now we are testing a very important triple top where heavy resistance is being printed in the pre-market. Several times bull have tried to break through with large one minute candles and being stiffly rejected.
This is of extreme importance because the current formation on all indexes in a bear flag looking for continuation to the 5400 level.
If rejection sets in, short to the 5400 and then go neutral for a week and re-asses.
Right now we are testing a very important triple top where heavy resistance is being printed in the pre-market. Several times bull have tried to break through with large one minute candles and being stiffly rejected.
This is of extreme importance because the current formation on all indexes in a bear flag looking for continuation to the 5400 level.
If rejection sets in, short to the 5400 and then go neutral for a week and re-asses.
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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.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
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.