Price Action Trading
Price broken through all the time resistance level setting a new high. All higher TF price is strongly bullish as expecting of interest rates to cut in Sept 2024. CPI coming in at 3.4% for May CPI slowly reducing but still far from target of 2% setted by FED.
Going down to lower TF, price is still very bullish especially at 2419 level. Set a long trade at that level targeting at least the swing high of the new high.
Price broken through all the time resistance level setting a new high. All higher TF price is strongly bullish as expecting of interest rates to cut in Sept 2024. CPI coming in at 3.4% for May CPI slowly reducing but still far from target of 2% setted by FED.
Going down to lower TF, price is still very bullish especially at 2419 level. Set a long trade at that level targeting at least the swing high of the new high.