SPX Another Bearish run this week ?
Hi traders:
I am looking at SPX for the next bearish push down this week.
We can see price had a bearish run from previous parallel channel price action, but did not continue lower.
We then see price start to correct itself and have been in this ascending channel since.
Latest price action shows the LTF bearish impulse down within the ascending channel, and begin to form a flag structure for potential further downside.
I would wait and see if price has the momentum to push out of the current correction and look for sell entries down to the previous lows.
Thank you
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