US stocks close higher.Nasdaq up for the 5th day. S&P and Dow up for the 3rd straight day.
<p>The US major indices are closing higher. For the NASDAQ, it is the fifth consecutive up day. For the S&P and the Dow each have gained over the last three trading days and are up four of five days.</p><p>Both the Dow Industrial Average and the NASDAQ index rose by 0.64% today. The S&P was up […]
S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:4049.00Pivot:3914.00Support:3757.50Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is.Alternative Scenario:Price could head […]