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VasilyTrader
Oct 16, 2022 9:21 AM

S&P500 INDEX (SPY) Technical Outlook Short

S&P 500 index of US listed sharesFXCM

Description



Hey traders,

S&P500 index is currently approaching 3515 - 3680 horizontal weekly structure support.
I believe that the next bearish wave will initiate after its breakout.

Patiently wait for a weekly candle close below the underlined area.
A bearish continuation will be expected to 3300 then.

Good luck next week!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comments
AtlasTrades
Hi my friend! very accurate on SPX500, Im agree
VasilyTrader
Wait for a breakout, traders
that will be your trigger
TORNADOF5
@VasilyTrader , what the most probability in your opinion ?? we up from 3580 or just crash to 3500
ksmaley01
Can some one dumb this down for me so i can understand it?
TheSignalyst
that's it Vasily, "if breakout"
TheNewsCrypto
Great Idea
UnitedSignals
Nice chart, cheers!
Tolberti
Good job done on SPX, I like it!
AnabelSignals
Good trading idea, pal!
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