SMC SPX500 Price might go up but I'm looking for shorts only

SP:SPX   S&P 500 Index
We are looking at the SP500 on 15 minute time frame.

we see two Dotted lines -

Green - Daily High of the previous day
Red - Daily LOW of the previous day

The daily trend is DOWN - so Daily Bias is look for shorts.

The first hour, the market came down and formed a new low before we had a break of structure to the upside. This forms what's known as Sell Side LIquidity - Order Block.

WHy? Because Smart Money goes down and sweeps liquidity where they buy into the market for the day.

Next we can expect the prices to move up then retrace BACK into the LIquidity zone. Once this happens EITHER the market will move up for the rest of the day where intraday traders will go long.

Or it will break below and form lower lows forming Buy side Liquidity (stopping buyers out).

We ONLY will short the market because Daily Bias is bearish... So even if the market goes up, there will be no trade.

If Buy Side Liquidity Order Block Forms we will have a trade to go short.

I'll be waiting - what are your thoughts?

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Professional trader since 2003)

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