Keep an eye on 39600

11 Oca 2022

Everyday we are receiving important data which could affect the markets..Today at 10:00 Fed chair Powell testifies - if we dont lose today our major support 39.600 I would consider 39.600 as our bottom and market will recover slowly..
How if we lose our support? Our next support at 37400.
Imo if we lose 39600 we could see more sell pressure arise
Keep an eye on 39.600
Stay safe!