S&P 500 IndexShort
SPX500 - Weekly Mark Up
There are lots of engulfing patterns on the daily time frames for SPX 500. Those engulfing patterns serve as my support and resistance zones confirming the pair will continue in a bearish direction. By monitoring the smaller timeframes I will identify my best entry.
The fibs I drew on my chart also further confirm that price will continue further down. I do feel that the support and resistance levels is our strongest confluence.
The fibs I drew on my chart also further confirm that price will continue further down. I do feel that the support and resistance levels is our strongest confluence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.