AI
Yes, markets have broken above the intra down TL, e.g. Qs 43.90 +/- and SPX 1430 +/- as shown on the 60m charts. Now, SPX traded to SPX 1439 +/- which is the rally which we have seen before the recent "consolidation period". SPX 1440 is the next resistance.
I noted that market participants are sitting on cash looking for a directional confirmation OR holding on to shorts from the 2/27 sell-off waiting for a further pull back. Therefore, it will likely trigger more buying-pressure when resistances are taken out.
As for possible neg. D, I don't see intraday neg. D, as for daily, I will reassess.
A good news from Iran-Sailors certainly helps market sentiment today. Having said that, market has shown stability regardless geopolitical risk. This sign is certainly a good thing.
Happy Trades
I noted that market participants are sitting on cash looking for a directional confirmation OR holding on to shorts from the 2/27 sell-off waiting for a further pull back. Therefore, it will likely trigger more buying-pressure when resistances are taken out.
As for possible neg. D, I don't see intraday neg. D, as for daily, I will reassess.
A good news from Iran-Sailors certainly helps market sentiment today. Having said that, market has shown stability regardless geopolitical risk. This sign is certainly a good thing.
Happy Trades
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