Analysis of #SPX500
Another members\followers request was about indices, I will do SP500 and you can almost the same chart on Dow Jones or NASDAQ.
the major trend remains to the downside as long as SP500 remains below 4200 previous lower high.
If the market test the previous lower high we can look to start short trade if the rules for entry are met.
We have strong trendline resistance on the daily chart, which could represent a good place for a short-term sell near 4000 as well.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
Another members\followers request was about indices, I will do SP500 and you can almost the same chart on Dow Jones or NASDAQ.
the major trend remains to the downside as long as SP500 remains below 4200 previous lower high.
If the market test the previous lower high we can look to start short trade if the rules for entry are met.
We have strong trendline resistance on the daily chart, which could represent a good place for a short-term sell near 4000 as well.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
