Monday, February 13, 2023

S&P500 potential for bearish drop towards intermediate support

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleS&P500 potential for bearish drop towards intermediate supportTypeBearish DropPreference:Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.Looking for an immediate entry at the pivot. The resistance is where the overlap resistance level is. The support is the intermediate support.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p500-potential-for-bearish-drop-towards-intermediate-support"
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