Keep that in mind for now on plays... Don't know why that's their "line in the sand", but appears to be.
Trade accordingly.
Trade accordingly.
At This Time... Market(ES) Defending The HELL for 4280...
- Thread starter Scataphagos
- Start date
The support seems to be at 4115, at least for the time being.
4280 seems to be "just" a consolidation low.... not sure why they appear to be defending it so vigorously... ?? (Perhaps it's because the players fear.. "if 4280 gives way, 4100 is next").. I dunno.
In the bigger picture, ~4100-ish is more likely to be the "biggie" support level.
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Does this remind you guys of late 2018?
No, because we didn't have a war in Europe in 2018.
We’re trading 4280- 4400 .. nice defined tradable 120 handle range with the outlier short stop hunting spike to 15.
The break from this zone will go 120 handles & I don’t expect it to be north bound!
Doesn't seem like the market would care about that anymore than it cares about what the fed might be doing in reaction to higher oil prices.
https://www.reuters.com/markets/asi...ory-says-about-geopolitics-market-2022-02-18/
If the S&p breaks that trend line and plummets below 4000 and keeps sinking, all and any fed hikes are totally off the table. I know everyone is worried about inflation but that will be totally curbed by the recession that will sweep the global economy. And everyone thought what the fed was previously doing. Printing trillions was the answer to the greatest spectacularshow on earth, it wasn't and now all you fools who were enjoying the fed Printing press are really now going to see what this has caused.