Hi traders:
Similar like NASDAQ, I see SPX bearish and can have more downside potential.
We see the price broke out of the ascending channel structure fro the HTF, and clear impulse to the downside.
Price begin to form this correctional structure, and looking like we may get the breakout next few days,
Since the correction isn't complete, I would wait patiently for a breakout from that structure, and as usual, LTF continuation to go down.
Thank you
Similar like NASDAQ, I see SPX bearish and can have more downside potential.
We see the price broke out of the ascending channel structure fro the HTF, and clear impulse to the downside.
Price begin to form this correctional structure, and looking like we may get the breakout next few days,
Since the correction isn't complete, I would wait patiently for a breakout from that structure, and as usual, LTF continuation to go down.
Thank you
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Related publications
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.