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jojofang0901
15 Th06 2021 23:10

SPX Short Term Bearish Outlook Giá xuống

US SPX 500OANDA

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Hello traders:

Some of the US Indices could shape up for some short term sell entries on the lower time frame.

We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate.

This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in.

Currently price is at the top of the channel structure, wait for a Completion of a Head and Shoulder pattern,
lower time frame continuation correction to look for the sell entry down to previous lows.

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KlejdiCuni
Thanks
jojofang0901
@KlejdiCuni your welcome thx
CobraVanguard
Great setup
jojofang0901
@T_V_TreeTrader thx :) appreciate it
MMBTtrader
Strong resistance zone there
jojofang0901
@MMBTtrader waiting for some bearish price action confirmations thx
FlyDownX
i think its currently sitting in a bullish zone if this doesn't hold then 100% agree would drop lower!
jojofang0901
@FlyDownX yea anything possible for sure, I need to see more development before consider a sell entry
candlestickninja
glad someone is woke
financialflagship
Solid TA, thanks. 🙌
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