Hey Traders,
yes, bears had the best day in a month today, sentiment is still at highs, overbought etc etc. None of that really matters, what matters are actionable key technical levels.
Support:
– 990 fib confluence s/r level, that held this thign in check today
– 984s fib, s/r level and gap fill
– Below will be looking for gap fill 975, 966 s/r level and absolutely critical 956-957 level
Resistance:
– 999s -1000 s/r level and fib confluence
– 1003 – 50% retracement from highs and also fib confluence (also gap fill)
– 1010 level and then the rally highs are also expected to act as resistance.
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Tomorrow all eyes will be on FOMC at 2:15 pm EST. That should be main market and more so FX mover. There are also some important events out of euro zone overnight, so be sure to keep an eye on your calendars if you trade overnight.
As always will post key intraday levels and internals as more price action develops via blog and my twitter account @esecfutures
Best of luck trading tomorrow and may stops be with us
Vlad