Good day traders! Today's focus is on S&P500 and USDCAD.
E-mini S&P500 is another market which suggests that stocks will remain in an uptrend. Reason is a three wave fall back to 2486, which looks like a fourth wave so keep an eye on a rally up into a fifth wave, especially once price crosses the upper channel line.
S&P500, 1H
USD/CAD is moving higher, so still in wave c of a second zigzag that may face resistance this week near 1.2400/1.2460 from where we will wait on an impulsive drop. If we get one, back below 1.2250 then this pair can be interesting to join the downtrend that is still in play on a higher degree chart.
USD/CAD, 1H
Comments
Log in or sign up to join the conversation.