SPX500, PLAN 05/06After finding a new ATH on Thursday May 23, the price of the S&P500 fell by 3%.
I was a seller at the end of last week and the beginning of this week.
However, we've now reached some interesting levels that could signal a change in trend (CHoCH).
Initially, EQHs will be sought at $5302. But for me, the real CHoCH is at $5326 (the zone where I'll go back to buying).
If we look at the H1 chart, we can see that the price has returned to the OTE zone before starting to rise again.
This supports my idea of a potential return to the upside, and why not back to the ATH...
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Happy trading and a great week :)