SPX Get ready for the reversal

Updated

Hello traders:

Looking out for the indices to have a bearish move this week.

We see price has been correcting in the HTF ascending structure for quite sometimes now. I

Latest LTF price shows us a Head and Shoulder pattern, at top of the overall price action, good indications that we may get the bearish momentum to come in.

Look for further downside corrections to form and confirm the bearish impulse reversal down.

Thank you

Note
HTF:
snapshot
Chart PatternscorrectionFLAGHead and ShouldersimpulseParallel ChannelpatternpriceactionstructureWedge

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