#TICKMILL #SP500 LDN TRADING UPDATE
DAILY BB ZONE 6025/35
RANGE SUP 5978 RANGE RES 6058
BALANCING ACTION—BULLISH CONSOLIDATION
BUYER ON TEST/REJECT INTO DAILY RANGE SUP TARGET DAILY BB ZONE
BUYER ON FIRST TEST OF 5970 (EQUALITY OBJECTIVE FROM 6036 SWING HIGH)
BUYER ON ACCEPTANCE ABOVE DAILY BB ZONE TARGET DAILY RANGE RES
***CAUTION PPI DATA AHEAD OF NY OPEN - FED CHAIR POWELL SPEAKS THIS EVENING***
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.
Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!