Last week SPX500USD came into the Daily FVG and rejected from there to the upside. It could be that the WXY correction is finished and price is now going up again to a new ATH.
Next week we could see a (corrective) move down and after that more upside.
Let's see what the market does and react.
Trade idea: Wait for a bigger correction down to finish. After that you could trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals.
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.