US500 Short-Med Term Outlook

US500 Futures sitting in middle of critical Support/Resistance levels & 23.6%-38.2% Fib Retrace.

Key Global Economic data, BRICS Summit, Jackson Hole Symposium, & US Earnings (NVDA) ahead.

What a crazy/volatile time to be trading in Global Markets.

Kommentar:

Broke out of R1/S1 range & consolidating just above. Intraday Range ~4395 / ~4378.

Break above = new target area 23.6% Fib & R2 Level.
Break below = increased probability of re-testing S1 Level &/or further capitulation to 38.2% Fib & S2 Level confluence.