BULLISH RUN TO 4354.3 DAILY IMBALANCE

10 paź 2023

The US500 has been on a manipulation and accumulation phase as of the entirety of last weeks trading as you can see, the yellow horizontal lines with blue rectangular boxes shows the daily characteristics of the market over the period of the last 4 trading days and my expectation is to see that run continue today. My expectation is to see the market trade into the last yellowish rectangular box to accumulate longs during the New York AM session and create an entry to run into the 4354.3 level and also the -1.5 (4361.8) level which is a Fib projection of the range from of NFP lat Friday. So those levels mentioned are also of a Daily timeframe Imbalance which is also the black rectangular box which the market is trading for. US500