I have noticed that the rally since 2022 lows is forming itself into a decent rising wedge pattern on the SPX.
There is also a small RSI divergence in place that has since migrated to the hourly time frames.
This could be indicative.
There is also a disappointing looking NFP report in the pipeline this week.
I have no active trade, and I will not take a position on this until it confirms (likely to be later in the month if it does confirm) however, I believe that the pattern here which has 3 touchpoints at resistance and 3 touchpoints at support (suggesting the pattern is well defined) warrants attention from traders.
Watch out and trade safe!
There is also a small RSI divergence in place that has since migrated to the hourly time frames.
This could be indicative.
There is also a disappointing looking NFP report in the pipeline this week.
I have no active trade, and I will not take a position on this until it confirms (likely to be later in the month if it does confirm) however, I believe that the pattern here which has 3 touchpoints at resistance and 3 touchpoints at support (suggesting the pattern is well defined) warrants attention from traders.
Watch out and trade safe!
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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.