Analysis and updateLast week SPX500USD followed the prediction in my outlook. It finished the corrective move down into the lower 4H FVG and after that it went (corrective) up again.
So now on Monday is the decision.
If Monday closes below current price action this pair could go down lower for the break of the low from the (orange) Y-wave.
But if Monday closes above current price action, we could see this pair go up again for a new ATH.
Let's see what the market does and react.
Trade idea: Wait for the bigger correction down to finish and a change in orderflow to bullish again. After that you could trade longs.