SP500 after last week bearish impulse is now holding weekly support at the 3280 level.
The price attempt to break below but the bulls are holding at the moment.
We can expect a retracement to the upside until the 3335 area and then a new attempt a break.
Being the time near to election is risky to trade the index but if the price will break and close below the weekly structure we can set a nice short order according to Plancton's strategy
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The price attempt to break below but the bulls are holding at the moment.
We can expect a retracement to the upside until the 3335 area and then a new attempt a break.
Being the time near to election is risky to trade the index but if the price will break and close below the weekly structure we can set a nice short order according to Plancton's strategy
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.