Topish formation in spx Short

S&P 500SP

Description

⋅ Jan 11, 2021 9:30 PM

Hanging man top formation in spx should start a consolidation/correction move for the index as we approach the end of the week and into the next one.
The area around the 20 day MA (3720) should act as support.

Chart Patterns

Comments

Aron_fince

⋅ Jan 12, 2021 8:35 PM

beautyful job

Brain_haddin

⋅ Jan 12, 2021 6:24 PM

Good idea++

TheSignalyst

⋅ Jan 11, 2021 9:34 PM

Also speculating a bearish movement here. You only trade based on candles?

Ioanni5

⋅ Jan 11, 2021 9:52 PM

@TheSignalyst, I use a plethora of other things and mainly sentiment, but since this a techinal site candles are a confirmation