Thursday, 3 November 2022

S&P500 Futures pulled back after hitting Cloud Chart resistance zone: 3926! Downside risk: 3715/3679!

 S&P500 Futures pulled back after hitting Cloud Chart resistance zone: 3926, the top end of the front cloud chart resistance zone held! 

Downside risk: 3715 the standard line of the cloud, where we can expect some form of support being tested. If support fails at that level then downside risk towards the bottom end of the front end of the cloud is the next support target :3679!


Price action below the cloud remains bearish with swing trade opportunities back up to the bottom cloud chart resistance zones!





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