Still holding bullish bias - buoyed by consumer confidence & US Fed dovish comments re: 2024 rate cuts
Short-term outlook = price action appears stretched/overbought (IMO only) & needs a pull-back to Golden Pocket/200MA confluence for a sustainable rally into 2024.
Pull-back would coincide with SPX seasonality aka early December dip into Santa rally rip.
78.6% Fib level could act as target for shallower pull-back if punters are extra bullish, TBC.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
- Price action hugging descending trend-line (light blue).
- Still holding bullish bias - buoyed by consumer confidence & US Fed dovish comments re: 2024 rate cuts
- Short-term outlook = price action appears stretched/overbought (IMO only) & needs a pull-back to Golden Pocket/200MA confluence for a sustainable rally into 2024.
- Pull-back would coincide with SPX seasonality aka early December dip into Santa rally rip.
- 78.6% Fib level could act as target for shallower pull-back if punters are extra bullish, TBC.
DYOR.