Down for SPX500USD

Hi traders,

Last week SPX500USD did exactly what I've said in my outlook. On Monday it dropped impulsive to the downside and after it reached the Daily FVG it correctively went up again. On Friday it started the next move down.

So next week we could see the finish of the corrective move down into the lower 4H FVG and after that more upside.
Or if it breaks the low from the (orange) Y-wave, the correction down becomes bigger.

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.

If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it. I do not provide signals.

Don't be emotional, just trade!

Eduwave