SPX near important price and time point

As i have said many times when we don't have any thing on left of the chart we will have to use Fibonacci, Price structure and channel or other tools like WD Gann analysis.

On hourly chart we can see that price is near 2 Fibonacci levels and moving sideways. With the side ways movement price came out of up trend channel. This indicates that buying pressure is decreasing and participants of market are waiting for clear trending move. trigger to movement can be anything.

We will have to wait for structurally price to close below earlier swing low. The move after that will be quick. Expected move can come in 1 to 2 weeks time.

If price moves up and closes above important Fibonacci levels then structure and Fibonacci levels can be used to trade.