S&P500 breakdown indicates new downtrend?
S&P's price get to the level of 5869 which could have been a good buy option (looking at the trandline)
(it's also middle of fvg created in November)
However price after short pullback, rejected and went through trendline.
It might indicate strong pressure from sellers and new down trend.
For now waiting for confirmation on next candles, possible entry point for sell: around 5890.
(it's also middle of fvg created in November)
However price after short pullback, rejected and went through trendline.
It might indicate strong pressure from sellers and new down trend.
For now waiting for confirmation on next candles, possible entry point for sell: around 5890.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.