1. Parabolic SAR signaling beginning of downtrend
2. Look at the zone where it is gapped up. Looking to possibly fill the gap soon.
3. Judging by the channel we are trading in, price action is near the top.
4. If we get some kind of catalyst, to push down, S&P will look short in terms of technicals+fundamentals.
Many smaller time frames may signal something else, but I would be very careful given the first three reasons.
Please tell me if any of this sounds flawed. Just want to make the best analysis I can. Good luck out there
2. Look at the zone where it is gapped up. Looking to possibly fill the gap soon.
3. Judging by the channel we are trading in, price action is near the top.
4. If we get some kind of catalyst, to push down, S&P will look short in terms of technicals+fundamentals.
Many smaller time frames may signal something else, but I would be very careful given the first three reasons.
Please tell me if any of this sounds flawed. Just want to make the best analysis I can. Good luck out there
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.