Given the flow of bearish orders on the daily and lower timeframes, the SPX is still in a bearish trend. Of course, if the weekly candle closes below 5771.3, the structure on this timeframe will also become bearish.
So in this situation, opening short positions is better than long positions. Note that any upward movement can only be a small daily correction.
We will probably see another BoS on the 15-minute timeframe today and the price could reach another support level.
Everything is clear on the chart
Watch, enjoy, be profitable
So in this situation, opening short positions is better than long positions. Note that any upward movement can only be a small daily correction.
We will probably see another BoS on the 15-minute timeframe today and the price could reach another support level.
Everything is clear on the chart
Watch, enjoy, be profitable
Trade closed: target reached
Feel free to reach out with any questions about technical analysis or private training courses via email.
I’m here to help you grow and understand the market better.
alixjey@outlook.com
I’m here to help you grow and understand the market better.
alixjey@outlook.com
Related publications
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.
Feel free to reach out with any questions about technical analysis or private training courses via email.
I’m here to help you grow and understand the market better.
alixjey@outlook.com
I’m here to help you grow and understand the market better.
alixjey@outlook.com
Related publications
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.