S&P - New York Session Outlook 02.12.2019 | Support & Resistance

Here the levels to watch Intraday for Support and Resistance. Analysis is unchanged compared to last week. We don't predict the high of the year, but I wouldn't be surprised when we have seen it with 3157. Be humble with Objectives when opening a Long position. In case you want to Short, look for opportunities when we trade below 3130. If we trade above this level I'm still Bullish

Commentaire:

We crushed the Support Levels today and ultimately closed the Gap from previous Week Sunday. It now gets interesting. I'm Bearish for the rest of the Week. Best case scenario would be a Pull Back into 3135-3140 and then resuming going Lower.

When this pan out, my 1st End of Week Target is around 3090. My 2nd Target is 3075.

When Price finds his way above 3140-3145 again, this idea is wrong.

Commentaire:

Didn't had time to update the chart. See we have second sell of Today. Where will this end? What are your thoughts? Don't hesitate to comment. Interested to hear your opinion