short idea in the SPX resistance and supply zone, i think it is a good idea to looked for sell opportunities in SPX,not just for the technical analysis, but also for what the fundamental analysis tells us. The WB indicator tell us the american market is overvalued.
short idea
H4 demand zone into a Daily demand zone Daily timeframe in uptrend
we are in a daily supply zone, the price is returning to the zone has created in 1H chart and if we go down into M15 TF we can see the broke of upward momentum line (blue)
we are high in the curve, supply take the control, in H4 and H1 we can see the momentum line was broken and demand zone been removed. We can take an entry in supply zone in H4