Indice S&P 500
Short

Bigger correction down for SPX500USD

231
Hi traders,

I called the top in my outlook of last week for SPX500USD.

After a small correction last week it went up one more time to make a new ATH. After that it dropped.

Now it started the bigger correction down.
So next week we could see a correction up and more downside for this pair.

Let's see what the market does and react.

Trade idea: Wait for a correction up and a change in orderflow to bearish on a lower timeframe to trade shorts.

If you want to learn more about trading FVG's & liquidity sweeps with Elliott wavecount and patterns, then please make sure to follow me.

This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.

Don't be emotional, just trade your plan!

Eduwave

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