SPX hourly 2 Dec
2 Dec Fri
I'd expect more ranging today. Yesterday's price created compression upwards and closed below the open. We might see price dropping again to 4050. Breaking below is sign of bearishess and possible fall trough illiquid area down. So far price is eating up supply zone. If we open above yesterday's highs and price stays there within one hour of the open we can see another attack on top of supply zone.
I'd expect more ranging today. Yesterday's price created compression upwards and closed below the open. We might see price dropping again to 4050. Breaking below is sign of bearishess and possible fall trough illiquid area down. So far price is eating up supply zone. If we open above yesterday's highs and price stays there within one hour of the open we can see another attack on top of supply zone.
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