Short

S&P 500, Fourth time To Sell from the top

Updated

Hi everyone:

Also looking at SPX, similar price action across the US indices.

No difference here compare the previous analysis that I share to look for sells from the top.

Price is in a larger, higher time frame correction,
and every time when price is at the top and form bearish reversal price action, its always good to look for sell entries down.

Same approach like NASDAQ and DOW, watch for lower time frame development.
Look for bearish continuation price action to get in on the sell entries to the bottom of HTF structure.

thank you

Note

Overall higher time frame development is due for a correction phase.
We can see from previous, past development of price that formed into the bearish reversal ascending structure.
Watch for price to sell from the top would give good R:R.

Note

After price hits the top of the higher time frame structure,
a reversal correction formed, and a bearish impulse pushed the price down.

Wait for bearish confirmation of a continuation correction before entry

Note

same management plan as always if they reverse. Moved down SL and secure profit if they reversed up.

Note

2 positions closed down for +2%

Note

Price continue to the downside:

Note

jojofang0901

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