FX:SPX500 S&P 500 index of US listed shares
Although we have a valid upslope and price is at the lower parallel of the set i will watch for a sell setup completion in SPX500 mostly because of the big divergence at . We already have price breaking below the slide parallel with a big sharp move and most likely it will break below the lower parallel. In this case i will wait for a consolidation and watch for a sell setup completion in order to go short.
Comment: Price broke below the lower parallel. We should now wait for a correction and watch for a sell setup completion