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Stargazer_fx

S&P500,broke Channel & below Support, will start deep correction

Short
S&P 500 Index (OANDA:SPX500USD)  
Stargazer_fx  
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Support and Resistance Supply and Demand Chart patterns S&P 500 (SPX500) S&P 500 E-Mini Futures SPX (S&P 500 Index) Stocks S&P 500
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trendanalysis supportandresistance supplyanddemand chartpatterns spx500 es1! spx stocks sp1!
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S&P500
The price is below Support/resistance structure & price also broke below the upward trending channel,currently the price is in correction mode, If price shows rejection from the fib levels I expect the price to continue lower and start a deep correction..


For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on Daily timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..

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