Currently, I see a high probability for this wave pattern here. I'm not so convinced but may be I will risk one mini-future on it for a gain of approx. 200 points with a not too tight stop at a resistance level of a 15 min. time frame. I think it is important also to watch Nasdaq index as it has already reached its previous top and leading stocks are also the once which are in the S&P. A sign of a break-down with a starting down trend could be seen at Nasdaq first may be as the S&P is much broader.
Remarks: the red and green lines are RENKO resistance/support levels. The upper red line and the lower black line are major trend lines. The large grey channel is a major trend channel.
Remarks: the red and green lines are RENKO resistance/support levels. The upper red line and the lower black line are major trend lines. The large grey channel is a major trend channel.
Note
Looking for an entry at 3160. The start of the session is a bit discouraging, but sometimes price levels out lower after more volume is traded. Let's see......
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.