Last two weeks price action of SPX500USD followed exactly my outlook. On Monday February, 10 price closed above the low of previous Friday. And after a correction down it made a new ATH last Wednesday. After that it dropped.
So I think next week we could see more downside to take the liquidity under the previous lows.
Let's see what the market does and react.
Trade idea: Wait for a correction up to finish and after that a change in orderflow to bearish to trade shorts.
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This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals.
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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.