The weekly candle closed bearish, I expect it to move until 4000 at least.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
Note
spx500 had closed bearish on the weekly!Note
SNP500 had closed bearish on the weekly!Note
Trade done, perfect tp. :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.