SPX Bearish Price Action For Sell

2021년 5월 12일

Hello everyone:

Also looking at the US indices for bearish opportunities.

From the HTF, we can see price made another sharp move to the top of the correction,
but instead of continuation price action, we are seeing a channel like correction that failed to push price higher.

Instead, the latest price had a strong bearish impulse down, breaking below the channel, so to me that is a reversal correction.

I would then look for LTF continuation correction to get in on the sell down to the previous lows and low of the HTF correction.

Thank you

2021년 5월 12일

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Similar Price Action on US30 (DOW)