VasilyTrader

S&P500 Index (SPY) How to Catch a Bearish Continuation? 📈

Short
FX:SPX500   S&P 500 Index

Hey traders,

From the middle of August, we see a sharp bearish wave on S&P500 index.
This week, the index reached a key daily structure support and we saw a pullback from that.

To catch a bearish continuation, wait for a bearish breakout of 3900 - 3940 area.
You need a daily candle close below that to confirm the breakout.

The market will drop at least to 3780 level then.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.