SPX Short Term Bearish Outlook

Hello traders:

Some of the US Indices could shape up for some short term sell entries on the lower time frame.

We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate.

This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in.

Currently price is at the top of the channel structure, wait for a Completion of a Head and Shoulder pattern,
lower time frame continuation correction to look for the sell entry down to previous lows.

Yorum:

Yorum: