SPX500USD 2021 June 21 (Intraday)
SPX500USDSPX500USD 2021 June 21 (Intraday)
The past reveals the future. Last week, we opined on possibility of history repeating as price reaches a previous high.
Congrats to those who had not been sucked in as market was marked up and waited for a short.
Price has paused at 50% 4151 of the previous up move.
Scenarios:
1) If price is supported at the 50%, it may test ultra high volume bars 2 or even 1.
2) Price breaks through 50% and target 4078
3) Short opportunity should present itself if price returns to test the high volume bars 2, or even bar 1
4) Price resisted at a previous support turned resistance.
Like and follow if you find this useful. Have a good trading week ahead.
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