SP500 a short term outlook 🦐

SP500 on the 4h chart can provide us a short opportunity during the beginning of the trading week.
The price couldn't make new highs and melted over a 4h support after the test of the daily resistance.

How can we approach this scenario?

We will wait for the European market open and look for a possible break of the support zone .
In that case, I will search for the application of Plancton's strategy rules to set a nice short order.
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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

הערה:

after a test of the 0.5 Fibonacci the price can move lower