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Alex โ๏ธ
GENERAL MARKET ANALYSIS
S&P500 (ES_F) Daily
Friday, ES_F was never able to reclaim the 3903$ level and ended up being a choppy day without direction. This is a normal pullback as the market is waiting for the very important FED/FOMC meeting on Wednesday.
Tomorrow, I want to see the market hold the 3855$ level if we are to continue pulling back in front of the FED. If we undercut that level, that would be very hard to keep any exposure going into Wed. On the upside, if we reclaim & hold the 3903$ level, we could have a small rally going into FOMCโฆbut I would say that there are more chances we drift down or go sideway again tomorrow, so be careful to not get overexposed or overtrade in this kind of market environment.
NASDAQ (NQ_F) Daily
RUSSEL 2K (RTY_F) Daily
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