SPX500 COULD DROP NOW!
Hey tradomaniacs,
looking at SPX500 and the climb as expected we will probably see another sell-off here and at least a retest of the previous trendline to the downside.
Orderbook showing loads of sell-pressure (probably profit-saves by bulls) which makes sense ahead the debate and NFP`s ahead.
I expect that bulls will save their positions before the fundamental events with an unpredictable outcome begin.
Technically we see a nice breakout with a current overbought market which will probably lose momentum soon.
A pullback would be healthy for the bulls to find more power!
We also see how DXY (US-DOLLAR-INDEX) almost didn`t drop and that Risk-On-Assets such as AUD and NZD didn`t really climb.
Bonds are also stable and we see no yield-change which shows there is no significant cahsflow out of save havens into stocks.
Good chance to sell I guess!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
looking at SPX500 and the climb as expected we will probably see another sell-off here and at least a retest of the previous trendline to the downside.
Orderbook showing loads of sell-pressure (probably profit-saves by bulls) which makes sense ahead the debate and NFP`s ahead.
I expect that bulls will save their positions before the fundamental events with an unpredictable outcome begin.
Technically we see a nice breakout with a current overbought market which will probably lose momentum soon.
A pullback would be healthy for the bulls to find more power!
We also see how DXY (US-DOLLAR-INDEX) almost didn`t drop and that Risk-On-Assets such as AUD and NZD didn`t really climb.
Bonds are also stable and we see no yield-change which shows there is no significant cahsflow out of save havens into stocks.
Good chance to sell I guess!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
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