AlanSantana

S&P 500 Futures Ready To Bounce Together With Crypto?

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
One thing is certain, the stock market index is very resilient..

We have early signals for a potential bounce/recovery.

We see rising trading volume today as the index moves above EMA21 and challenges EMA10. Moving abose these levels would be good/bullish.
(staying below bearish...)

The whole chart structure is supportive of a jump to around 4,050 or more.

WARNING!
* Strong volatility ahead.
* A wild period is now in place.
* Good to sit out if you don't know how to trade.
* Good to jump in if you know the game.

The SPX also hit a strong support, 0.5 Fib. retracement for the wave from March 2020 to January 2022...
Still, many factors will provide the market with strong volatily so lower your risk.

Here, you can see more: 25 Trade Ideas Predicting The SPX Crash | Where Is The Bottom?

Namaste.

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