The market has seen a lot of volatility recently and I think the rally is probably almost over now. , The SandP 500 fell during Thursday’s trading and touched the ,100 level in the afternoon. The question now is whether the 100 level will hold. Right now it’s looking really bad and we’re in the winning season, which of course has its own concerns. This can lead to quite a lot of volatility and therefore a lot of noisy behavior. Advertisement image Take advantage of today’s market opportunities TRADE NOW Breaking from here, the most obvious support level is around the 000 level. We have the 50-day EMA and 200-day EMA in this area, and both are likely to try to move higher. These should provide enough support, and if we were to break below these moving averages, it would obviously attract a lot of attention. In this scenario, I think if we were to break through these numbers, we would likely see a run to the 3800 level. The 3800 level has been an area that has been important in the past, so I think it would attract attention. Anything below that will then send the market to the 3,600 level. Keep your position small A break above the 200 level will send everything higher and reach the 300 level, which would almost certainly be a „FOMO trade” that we have seen more than once in recent weeks. I don’t necessarily buy that theory, but it’s something that could happen. The market has seen a lot of volatility recently and I think the rally is probably almost over now. After all, bear markets can be pretty brutal, so it wouldn’t be unusual for us to turn around and go down from here. Keep your position small but I suspect the sellers are all about flexing their muscles as we have finally broken below the 100 level since I started writing this article. In other words, selling pressure starts to build towards the end of the session, which is usually not a good sign or when the main pension funds start putting money, or in this case, cashing out. off the market. Caution is the better part of valor these days.

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.