SPX some flush ahead?
|S&P 500 flat on the day, yet winning proposition had been to track rates and positioning among indices for Jackson Hole. Was it risk-off yesterday? Not really, yet what were the winners of the day that I picked for very short-term traders?
That‘s what I also talk in today‘s brief video – and ES, NDX price recovery in the latter part of yesterday‘s session was called too. I hope you did review the 16min weekend video to assess SPX vulnerabilities – whether to the upside or downside. What‘s though more improtant than late in the day recovery, is the swing structure on the hourly chart, and what kind of technical structure that fits.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.