SPX Shaping up for the bearish sell
Hello traders:
Looking at SPX here for further development on the bearish move.
We see the price action had a bullish push up breaking previous highs.
However, price did not continue with continuation corrections, instead we see the bearish move down on the LTF.
This is a good indication that the bullish momentum is exhausted, and we may see the reversal happening in the coming days/week.
Wait for this LTF correction to develop and finish before getting in the sell.
Thank you
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