U.S. Indices Price Action Market Outlook (S&P500, NASDAQ, DOW)
Updated
Hello everyone:
Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them.
My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups.
All of them are pretty much sitting at the top of the overall higher time frame price action, so certainly has good probability that we can get some bearish reversals.
I will go over them from a mid-long term approach.
Once again patience is key, if the bearish price action does not develop or continue, then no trade and entry, move on to other opportunities and different scenarios.
SPX
NAS
DOW
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them.
My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups.
All of them are pretty much sitting at the top of the overall higher time frame price action, so certainly has good probability that we can get some bearish reversals.
I will go over them from a mid-long term approach.
Once again patience is key, if the bearish price action does not develop or continue, then no trade and entry, move on to other opportunities and different scenarios.
SPX
NAS
DOW
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
Note
Reversal “M” and “W” style pattern
Note
Updates: NAS
SPX
DOW
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