SPX Short Term Bearish Outlook
Updated
Hello traders:
Some of the US Indices could shape up for some short term sell entries on the lower time frame.
We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate.
This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in.
Currently price is at the top of the channel structure, wait for a Completion of a Head and Shoulder pattern,
lower time frame continuation correction to look for the sell entry down to previous lows.
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