Currently the US Index S&P500 is in Positional Sell mode since 14th of March and currently the resistance zone comes around 1884.14 strategy will turn to positional buy mode if the resistance breaks on the hourly charts. And Dowjones is currently in positional sell mode with support zone coming around 16170. Strategy will turn to positional sell mode if the support zone breaks on the hourly charts.
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
S&P500 and Dow Jones Hourly Charts March Overview – II
16 sec read