Positioning for tomorrow morning's
release of the March Consumer Price Index,
traders have "coiled" the S+ P 500 into a pattern
in which price can break either way,on Wed April 12
Simply put....
There is a bullish "Triple Bottom" at the 4070 area
on the 10 Day/ 30 Minute Chart
and that is driving " money" to buy the market today.
Conversely, there is a bearish "Double Top" at the 4125 area.
which should act a strong resistance should traders take today's rally up to form a potential "Triple Top"
Thus the potential range" from CPI Wednesday is 50 S+P Points Plus !
"Price breakouts" on either side of "identified" S+P Support/Resistance above,... could be "significant" !
A suggestion is to watch the VIX very closely late today for any clues given.
Volatility traders are often some of the best
in the business,in positioning overnight,
for a big number release, like the CPI report tomorrow.
Best of Luck
S+P 500 NOON OPEN
4113.31
THE_UNWIND
WOODS OF CONNECTICUT
release of the March Consumer Price Index,
traders have "coiled" the S+ P 500 into a pattern
in which price can break either way,on Wed April 12
Simply put....
There is a bullish "Triple Bottom" at the 4070 area
on the 10 Day/ 30 Minute Chart
and that is driving " money" to buy the market today.
Conversely, there is a bearish "Double Top" at the 4125 area.
which should act a strong resistance should traders take today's rally up to form a potential "Triple Top"
Thus the potential range" from CPI Wednesday is 50 S+P Points Plus !
"Price breakouts" on either side of "identified" S+P Support/Resistance above,... could be "significant" !
A suggestion is to watch the VIX very closely late today for any clues given.
Volatility traders are often some of the best
in the business,in positioning overnight,
for a big number release, like the CPI report tomorrow.
Best of Luck
S+P 500 NOON OPEN
4113.31
THE_UNWIND
WOODS OF CONNECTICUT
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.