The US PCE has released, and it is unchanged.
Personal income is also down.
What does this tell us? Inflation is slowing down, and we can also start to be confident of this new reality as the last few weeks of data have been on the downside for the US economy.
As people will have less money to spend, and credit conditions worsen, the US30 should see some outflows from investors.
Technically, US30 has entered a mid term historical rejection zone.
Below that, we a zone - highlighted in purple - which is essentially no mans land. No significant support has been built in this area, so price normal moves decisively to one side or the other.
Look to enter a BREAKOUT SHORT underneath the current 4HR candle.
DO NOT enter straight away. Wait for the rejection and THEN ENTER.
Personal income is also down.
What does this tell us? Inflation is slowing down, and we can also start to be confident of this new reality as the last few weeks of data have been on the downside for the US economy.
As people will have less money to spend, and credit conditions worsen, the US30 should see some outflows from investors.
Technically, US30 has entered a mid term historical rejection zone.
Below that, we a zone - highlighted in purple - which is essentially no mans land. No significant support has been built in this area, so price normal moves decisively to one side or the other.
Look to enter a BREAKOUT SHORT underneath the current 4HR candle.
DO NOT enter straight away. Wait for the rejection and THEN ENTER.
Nota
The breakout short location would be 35045Trade attivo
Trade entered, SL should be placed above the current 4HR candleTrade chiuso manualmente
Looking like the US30 wants to reverse
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.