Supply loaing set-up
S&P 500
Price is in an uptrend which is taken as a pullback of price to the recent swing high at 5 653 which formed our swing low at 5 392.3. It must be noted that price returned to this daily supply area within 30 days and we see a reversal candle close which spiked the all-time high and closed back within the supply area. A close above this swing high will invalidate our sell set-up and a further rally in price is expected. The DXY will play a vital role in signalling the flow of money as equities are high risk assets and currencies are low risk assets and gold is a safe heaven, therefore a drop in Gold will cause the equities to drop as well.
Price is in an uptrend which is taken as a pullback of price to the recent swing high at 5 653 which formed our swing low at 5 392.3. It must be noted that price returned to this daily supply area within 30 days and we see a reversal candle close which spiked the all-time high and closed back within the supply area. A close above this swing high will invalidate our sell set-up and a further rally in price is expected. The DXY will play a vital role in signalling the flow of money as equities are high risk assets and currencies are low risk assets and gold is a safe heaven, therefore a drop in Gold will cause the equities to drop as well.
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.