SPX has left our Supply zone marked at the top of the chart. This is a 10 year high-daily supply zone.
Now that price has fell and broke outside of our zone, we took the entry and won 246 pips on SPX.
The next move we're looking at is for price to continue to the bottom of our 50 percent area in the middle of supply and demand (Blue Zone)
Sellers are showing they have strength in the market marked by indecision candles and engulfing candles following.
Outlook: Price will fall to the bottom of the 50%, retrace then continue the corrective move to the downside.
Now that price has fell and broke outside of our zone, we took the entry and won 246 pips on SPX.
The next move we're looking at is for price to continue to the bottom of our 50 percent area in the middle of supply and demand (Blue Zone)
Sellers are showing they have strength in the market marked by indecision candles and engulfing candles following.
Outlook: Price will fall to the bottom of the 50%, retrace then continue the corrective move to the downside.