Momentum is slowing down for SPX500USD

14 בדצמ׳ 2024

Hi traders,

Last week SPX500USD started a coorection down (wave 4). The momentum of this pair is slowing down and it looks like it is making an ending diagonal.

So next week we could see price come into the lower Daily/ Weekly FVG and from there we could see another upmove.

Trade idea: Wait for the correction down to finish into the FVG's and a change in orderflow to bullish. After that you could trade (short term) longs.

If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.

Don't be emotional, just trade!

Eduwave