SPX Reversal Price Action to sell

27 thg 1, 2021

Hello everyone:

For last few weeks I have been talking about the potential bearish reversal on most of the indices. Now the market looks like it may be giving us more development to lead to a potential sell.

We see price has been correcting for sometimes within the ascending structure.

Latest price shows LTF double tops, sharp pushed to the downside.

Either look for a right shoulder to form a H and S pattern to sell
or
Wait for strong bearish momentum to breakout, follow by continuation correction.

Thank you