21/10/2020 SPX ES_F SPY Where next?
Price is ranging with no clear direction. According to my system, price is in an uptrend on a monthly TF, but down on a weekly and daily timeframe.
Market is probably waiting for outcome of the stimulus talk to decide the direction.
I have identified the levels to trade on.
Above 3446.8 bias is to the upside, targeting 3467.4 (rejected by this level currently), 3488, 3498. 3518 should cap high of day, presenting low risk short level.
Below 3442, short bias, target 3430.8, 3416 and 3396. 3382.8 should cap low of day, presenting low risk long level.
Market is probably waiting for outcome of the stimulus talk to decide the direction.
I have identified the levels to trade on.
Above 3446.8 bias is to the upside, targeting 3467.4 (rejected by this level currently), 3488, 3498. 3518 should cap high of day, presenting low risk short level.
Below 3442, short bias, target 3430.8, 3416 and 3396. 3382.8 should cap low of day, presenting low risk long level.
Bình luận:
Look for pullback to 3442 and rejection for further down
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