SP500 have been trading with in a multi sessions bullish channel with price action just making marginal highs, current price action approaching almost the top of the resistance channel where I am seeing fresh falls taking place.
Higher time frames picture is still bearish with momentum on all across the bigger picture still bearish. Keep an eye on this market for a possible good medium term trade.
Good Luck.
Higher time frames picture is still bearish with momentum on all across the bigger picture still bearish. Keep an eye on this market for a possible good medium term trade.
Good Luck.
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