3/15/24
Price:255.6
Analysis:
Trend Analysis:
Trend may have hard time catching on to the incline, historical data shows significant velocity, this may cause less volume, trade pullouts etc... expect to go bear eventually.
Structure:
Significant velocity in uptrend expect uptrend to breakdown eventually market expected to incline 90% -1.3%
Support & Resistance Levels:
Highs = 257.22, 258.91, 261.33
Lows = 254.00, 253.21, 249.81, 245.91
Crossovers & Moving Averages:
Risk Management:
(+/-) 15% = Abort trade
News & Events:
Scenario Analysis:
Market declines (-25%) - (-50%), then turns bull inclines +1.3% = sell @ high to decline (-2.22%).
Market takes incline right on +1.3% TP@ 258.91, then sell @ high drop market by 2.22% TP@249.81
Market inclines +0.9%, declines 2.62% 250.95
Objective & Targets:
Push the +1.3% TP @ 258.91, then expect to sell highs drop market by (-0.5%) TP @257.67 at that point push back up @round (15%) - (20%), then push +1.4% TP @ 261.33, then drop 1.8% TP= 256.62
Market declines (-25%) - (-50%), then turns bull inclines +1.3% = sell @ high to decline (-2.22%).
Market inclines +0.9%, declines 2.62% 250.95
Price:255.6
Analysis:
Trend Analysis:
Trend may have hard time catching on to the incline, historical data shows significant velocity, this may cause less volume, trade pullouts etc... expect to go bear eventually.
Structure:
Significant velocity in uptrend expect uptrend to breakdown eventually market expected to incline 90% -1.3%
Support & Resistance Levels:
Highs = 257.22, 258.91, 261.33
Lows = 254.00, 253.21, 249.81, 245.91
Crossovers & Moving Averages:
Risk Management:
(+/-) 15% = Abort trade
News & Events:
Scenario Analysis:
Market declines (-25%) - (-50%), then turns bull inclines +1.3% = sell @ high to decline (-2.22%).
Market takes incline right on +1.3% TP@ 258.91, then sell @ high drop market by 2.22% TP@249.81
Market inclines +0.9%, declines 2.62% 250.95
Objective & Targets:
Push the +1.3% TP @ 258.91, then expect to sell highs drop market by (-0.5%) TP @257.67 at that point push back up @round (15%) - (20%), then push +1.4% TP @ 261.33, then drop 1.8% TP= 256.62
Market declines (-25%) - (-50%), then turns bull inclines +1.3% = sell @ high to decline (-2.22%).
Market inclines +0.9%, declines 2.62% 250.95