Type : Bearish Continuation
Resistance : 103.265
Pivot: 102.380
Support : 101.985
Preferred Case: With price moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 101.985 in line with the 100% fibonacci projection from our pivot at 102.380 in line with the horizontal overlap resistance and 61.8% fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance, -27.20% fibonacci expansion and 50% Fibonacci retracement.
Fundamentals: In the face of strong inflation, Bostic emphasized that two 50-bps raises at forthcoming Fed meetings are still realistic. We have a Mixed-to-Weak Bearish view on the index.
Resistance : 103.265
Pivot: 102.380
Support : 101.985
Preferred Case: With price moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 101.985 in line with the 100% fibonacci projection from our pivot at 102.380 in line with the horizontal overlap resistance and 61.8% fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance, -27.20% fibonacci expansion and 50% Fibonacci retracement.
Fundamentals: In the face of strong inflation, Bostic emphasized that two 50-bps raises at forthcoming Fed meetings are still realistic. We have a Mixed-to-Weak Bearish view on the index.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.