I posted this chart just last week as part of my Major short setup going back weeks. Link to previous post in the description, please go through that setup to get the context.
This is going to be a short post, since everything is going as per the plan we just have to wait and watch, Price back to where I expect either a break below or bounce to continue...
SPX500USD - Intraday - We look to Sell at 4195 (stop at 4244)
Sentiment remains negative despite the pull-back higher in prices. A bearish Head and Shoulders is forming. Rallies continue to attract sellers. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 4200 level.
Our...