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jojofang0901
May 12, 2021 5:53 PM

SPX Bearish Price Action For Sell Short

US SPX 500OANDA

Description


Hello everyone:

Also looking at the US indices for bearish opportunities.

From the HTF, we can see price made another sharp move to the top of the correction,
but instead of continuation price action, we are seeing a channel like correction that failed to push price higher.

Instead, the latest price had a strong bearish impulse down, breaking below the channel, so to me that is a reversal correction.

I would then look for LTF continuation correction to get in on the sell down to the previous lows and low of the HTF correction.

Thank you

Comment

Similar Price Action on US30 (DOW)
Comments
arama-nuggetrouble
Papa Jojo. Thank you for always providing the best TA on TradingViews.
jojofang0901
@nuggetrouble, Thank you bud :) appreciate your support as always
KlejdiCuni
Nice chart
jojofang0901
@KlejdiCuni, thank you :)
financialflagship
Solid TA, thanks. 🙌
jojofang0901
@financialflagship, thx bud, lets see how it plays out first :)
trustingHare96067
Looking forward to a continuation correction today!
jojofang0901
@trustingHare96067, Will wait and see how it develops :)
Henry_Ross
Excellent!
jojofang0901
@Henry_Ross, thank you :)
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