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UnknownUnicorn1156963

Pre-elections trading. Explained

Kontrak Berjangka E-mini S&P 500 (CME_MINI:ES1!)  
UnknownUnicorn1156963  
CME_MINI:ES1!   Kontrak Berjangka E-mini S&P 500
Trend Analysis Technical Indicators Chart Patterns S&P 500 E-Mini Futures es1!short SPDR S&P 500 ETF (SPY) spylong sp500index sp500future sp500short DOW dowjones
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trendanalysis indicator chartpattern es1! es1!short spy spylong sp500index sp500future sp500short dow dowjones
SP500 broke to the new highs. Volume is still very low and the Advance Decline Line doesn’t support this rise too. It is bearish. However, there is still a lot of momentum in this market. Likely we will see choppy trading with upside bias till the middle of September followed by a decline till the end of the month. Pay attention we are getting close to elections. With that in mind, I believe that pullback (if any) will be bought very fast. Besides, the Fed Funds forecast signals a rally coming at the end of September. The best thing we can do now is intraday trading. There is a chance for a swing trade, but only in a month from now.

Ide yang Berhubungan

UnknownUnicorn1156963
Advance Decline Line did great job. What is next?
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