Spot setup is absolutely neutral, forward indication is slightly bearish. Market will likley be stuck in 3200-3400 range until US Elections.
Momentum indicators started to cross down. Bulls might try to force the index above 3400, but it would be a very difficult fight for now. I expect the market to top within 2-3 trading days and turn lower in the range.
For me this level is a good risk/reward to sell.
Momentum indicators started to cross down. Bulls might try to force the index above 3400, but it would be a very difficult fight for now. I expect the market to top within 2-3 trading days and turn lower in the range.
For me this level is a good risk/reward to sell.