The month of March starts with the bullish momentum from the previous month Feb 2024.

February closed with strength while creating a new ATH which I expect March to breach with ease.
I will like to note: Monthly candle started on Friday March 1.2024
This is only of importance for the next sessions of intraday.
Weekly candle has not closed yet. I will add and update this idea once the weekly candle closes.
Still momentum should carry us above 18144.75

Lets take a look at our environment.
Dollar's(
DXY ) inverse correlation to equities has not been too evident the last Month.

Evident has been Dollars quick reprising after rebalancing lower levels.
The quick reprising in this case is the continued push higher by price. You can take this as an unwillingness by "price" to go lower.
Why is this important?
Dollar value affect purchasing power.
Futures Market:
ES (
ES1! )
Looking Bullish as well
Expected to also take out 5123.50

YM (
YM1! )
Also has a daily Bullish look

But will keep an eye out for the weekly close since it is the weakest of the weekly profiles.

ZB (
ZB1! )
Looks like it is neutralizing the downward momentum and is attempting to roll.

All around there are no signs that the Bullish momentum is changing
-IT IS WHAT IT IS TILL IT'S NOT-
I will still recommend to check with the idea once Friday closes.
Once Weekly profile closes on Friday we will have more information about the possible time span of current movement.
February closed with strength while creating a new ATH which I expect March to breach with ease.
I will like to note: Monthly candle started on Friday March 1.2024
This is only of importance for the next sessions of intraday.
Weekly candle has not closed yet. I will add and update this idea once the weekly candle closes.
Still momentum should carry us above 18144.75
Lets take a look at our environment.
Dollar's(
Evident has been Dollars quick reprising after rebalancing lower levels.
The quick reprising in this case is the continued push higher by price. You can take this as an unwillingness by "price" to go lower.
Why is this important?
Dollar value affect purchasing power.
Futures Market:
ES (
Looking Bullish as well
Expected to also take out 5123.50
YM (
Also has a daily Bullish look
But will keep an eye out for the weekly close since it is the weakest of the weekly profiles.
ZB (
Looks like it is neutralizing the downward momentum and is attempting to roll.
All around there are no signs that the Bullish momentum is changing
-IT IS WHAT IT IS TILL IT'S NOT-
I will still recommend to check with the idea once Friday closes.
Once Weekly profile closes on Friday we will have more information about the possible time span of current movement.
Nota
Closing the “First”Week of MarchWe saw, as expected price breach previous Highs and establish a new one.
We spoke also of a Model were Price could reach Lower to establish the Low of Week Between Monday and Tuesday movement.
Price reached lower creating a low of Week on Tuesday 3:00PM - 18082.75
Wednesday and Thursday we saw the reversal but FAILED to create New Hits even as impressive as its run up was.
Friday tomorrow, what is next?
Do we see Friday price action continue with momentum and create yet another high?
It should have done that today.
At the moment Price is stuck between its current range trapped between its internal value areas.
The Macro continues to be Bullish that has not changed and if it does it will be too noticeable to deny.
Maybe it is time again for Price to spend some time consolidating.
Lets find out
Nota
Expecting an attempt at High of Week between today and tomorrowDO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.