Hi, everyone, glad to see you guys again.
Let's see how US100 chart is like and what's favorable trade.
Last time, we expected long-term upward moving but, because of Fed's monetary policy, we have to make plan B.
For now, we can expect both upward and downward moving.
We can see
1. support on 12350.00
2. support on 12300.00
3. top of descending channel support has been broken
4. resistance on 13500.00
We can expect
1. keep the ascending channel by support on 12350.00.
2. upward moving can be blocked on resistance on 13450.00, in this case, this will be a chance to sell for short in long term ascending channel.
3. breaking bottom line of ascending channel and follow the descending channel.
4. we can have chance to sell after 3rd.
5. 12350.00 will be most important support and resistance in both case for long-term trading.
After Jackson Hall Meeting, market is going messy. It will be hard trading on this week.
Hope you guys make good trade.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
Let's see how US100 chart is like and what's favorable trade.
Last time, we expected long-term upward moving but, because of Fed's monetary policy, we have to make plan B.
For now, we can expect both upward and downward moving.
We can see
1. support on 12350.00
2. support on 12300.00
3. top of descending channel support has been broken
4. resistance on 13500.00
We can expect
1. keep the ascending channel by support on 12350.00.
2. upward moving can be blocked on resistance on 13450.00, in this case, this will be a chance to sell for short in long term ascending channel.
3. breaking bottom line of ascending channel and follow the descending channel.
4. we can have chance to sell after 3rd.
5. 12350.00 will be most important support and resistance in both case for long-term trading.
After Jackson Hall Meeting, market is going messy. It will be hard trading on this week.
Hope you guys make good trade.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
