For the bulls or bears to take charge, this level must break down or higher and stay there for 1 full session.
No technical indicators, analysis or judgement works in this macro economic situation where the sellers are forced by retail people removing their deposits, ultimately.
Day trades are good for scalp under 4020 - 4060 channel and above 3840 - 3860 channel. Swing trading for more than a 15 mins time frame looks appealing but with the economic indicators and the financial institutions fiasco, it is hard for a non-institutional trader to predict the movement. In this no directions week, it is best to scalp for a bit and protect capital as there is a high volatility on all major contributors like
AAPL
,
TSLA
, etc.
On a much longer time frame, SPX can touch 4200 faster next month if broken from 4090 levels
No technical indicators, analysis or judgement works in this macro economic situation where the sellers are forced by retail people removing their deposits, ultimately.
Day trades are good for scalp under 4020 - 4060 channel and above 3840 - 3860 channel. Swing trading for more than a 15 mins time frame looks appealing but with the economic indicators and the financial institutions fiasco, it is hard for a non-institutional trader to predict the movement. In this no directions week, it is best to scalp for a bit and protect capital as there is a high volatility on all major contributors like
AAPL
,
TSLA
, etc. On a much longer time frame, SPX can touch 4200 faster next month if broken from 4090 levels