Telling from consolidation on lower timeframes i see possible bounce on a daily timeframe from 4100 level back to 200DMA (4300 level). Personally i don't like DMAs but many fundamental traders use it as an only indicator when they are in doubt. Important measure in this trade is VIX returning to comfortable levels. If it keeps going up market won't tank to 4300 but if it goes back below 12 DMA this will trigger move to 4300.
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I am not your financial advisor. Take notice that you are your own risk manager. Information presented here is for educational purposes only. Feel free to comment and pm.
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I am not your financial advisor. Take notice that you are your own risk manager. Information presented here is for educational purposes only. Feel free to comment and pm.
