Seems the 50ma is a popular spot for a bounce. waiting for indicator confirmation.
Mainly trading viewing 1 & 4 hr time frames resistance became support on the top of the trendline. It's at a resistance level if broken we are looking at all time highs yet again. The markets are flooded with cheap money. When will the music stop is the question? We are closer to a top than a bottom but it would make no sense to short on a long timeframe without...
The FED's power is unlimited, they will print us into prosperity!