US500 4 HOUR CHART – NOTE RED LINES
As US equity markets await Nividia results after the bell, take a look at this US500 chart. You will see a similar chart in NAS100.
What I mean is all you see are rising red Amazing Trader (AT) lines. What this means is until you start seeing lower blue AT lines off the high or some large spike down that takes out key supports, it is hard to suggest a top even though on this chart some may say the move up looks a little tired.
One thought is that when in unchartered waters, focus on key pivotal levels like 5300 as it will set the tone although 5200 and 5500 are more important.
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