SPX Is It Ready for the drop ?

20 באפר׳ 2021

Hello everyone:

Also looking at most of the US indices, and SPX500 is looking very clean for a strong bearish reversal from the top.

We can see price has been in this larger, HTF correction phrase, continue to correct the price up.

As we can see from the latest price, LTF ascending channel at the top of the overall price action is a good indication for the bearish reversal.

Now that price has broken out of the ascending channel, wait for confirmation of a LTF continuation correction would be best to enter a sell.

Thank you