Don't Forget About Covid Sell Off

23 Oca 2022

Hello everyone:

The Indices market has been selling off in the last week or so, and its perfect opportunities to look for further downside just as what we have seen in the past from Covid and other previous correction times.

I have share many bearish price action outlook, forecast and analysis on the indices market, and they all are working out to the downside as we speak.

What is more likely for the price now to do is to consolidate more so it can lead to another impulse phase of the market.

On NASDAQ here we can see the higher time frame structure is clearly broken, a good sign of the bearish reversal price action.

Since the price is at the previous lows now, expect price to correct here, consolidate for a few days if possible, and resuming the downside and kick off another impulse phase down.

Be patient here and wait for confirmation before any entries.

I will be also sharing other indices previous outlook on how they have play out, as well as current opportunities to come.

Thank you

Jan.05 2022 SPX forecast/analysis

Dec.19 2021 DOW forecast/analysis

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