BlueHatInvestor

US100 ~ Nov-Dec Snapshot (4H Intraday)

BlueHatInvestor Updated   
CAPITALCOM:US100   US 100
US100 chart mapping/analysis for last week of November.

TBC further details/write-up via ideas section, cheers.
Comment:
US100 Write-up (29th Nov)
  • US100 continues bullish consolidating much like US500 chart.
  • Upper range ascending parallel (green) acting as resistance (for now).
  • Pull-back to 78.6% Fib/S1 support line/200MA confluence zone aka "Return to Scene of (breakout) Crime" for sustainable rally into 2024.
  • Overall bias is to the upside - however risk management, position sizing, stop-losses, etc = critical when any negative economic data release, Fed comment
  • &/or geopolitical event is enough to trigger a broad market dump.
DYOR.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.