Quick update on what I'm seeing for this upcoming week for Us30.
After an rejection off the 4HR 50 EMA, I do see price potentially approaching our 4HR RESISTANCE level at 33.1-33.2K. Not only is this a 4HR RESISTANCE level, this is also our MONTHLY RESISTANCE & even our WEEKLY TF 200 EMA. And adding all these things up in my analysis, and still it being a recession to come, I do see the month of August being the start of BEARISH Markets again. If the BEARISH market were to take over here, I honestly do see price making its way back to 31K. These are just my personal opinions, Trade Safely!
After an rejection off the 4HR 50 EMA, I do see price potentially approaching our 4HR RESISTANCE level at 33.1-33.2K. Not only is this a 4HR RESISTANCE level, this is also our MONTHLY RESISTANCE & even our WEEKLY TF 200 EMA. And adding all these things up in my analysis, and still it being a recession to come, I do see the month of August being the start of BEARISH Markets again. If the BEARISH market were to take over here, I honestly do see price making its way back to 31K. These are just my personal opinions, Trade Safely!