Hello traders:
Most indices got a hit and SPX is also looking very bearish for another push down.
We see similar price action across the board, here on SPX is also showing a large, deeper channel structure, pushing the price up.
We just broke a higher time frame double top, and price formed another ascending type of channel structure, pushing price up.
We then see a sharp impulse down, so as always, look for continuation correction to sell would be the most ideal setup.
Look for confirmation form the market, and enter once correction finishes.
Thank you
Most indices got a hit and SPX is also looking very bearish for another push down.
We see similar price action across the board, here on SPX is also showing a large, deeper channel structure, pushing the price up.
We just broke a higher time frame double top, and price formed another ascending type of channel structure, pushing price up.
We then see a sharp impulse down, so as always, look for continuation correction to sell would be the most ideal setup.
Look for confirmation form the market, and enter once correction finishes.
Thank you
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