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US INDICES..What can you expect from the bearish price action ?

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Hello everyone:

Let's take a closer look into the US indices overall, specifically on NASDAQ, SPX, DOW JONES. With the latest development from the lower time frames, we can potentially get the larger bearish correction that we have been patiently waiting for.

Take a look at the price action from a multi-time frame, top down approach. We can reasonably see some higher time frame developments are similar in the past from the Coronavirus period, and bearish price action on the lower time frames as well.

NASDAQ
Higher Time Frame:
snapshot

Lower Time Frame:
snapshot

SPX -
SPX500 Prepare for reversal down


Higher Time Frame:
snapshot

Lower Time Frame:
snapshot

DOW JONES -
DOW Are we due for correction now ?


Higher Time Frame:
snapshot

Lower Time Frame:
snapshot

Any questions, comments or feedback, welcome to let me know :) thank you

Note
Closed both SPX and DOW

SPX - Out for +1% profit
snapshot

DOW - Out for +1% profit
snapshot
jojofang0901
Also on:
Chart PatternscorrectionDOWFlagimpulseIndicesNASParallel ChannelpatternpriceactionSPX (S&P 500 Index)structure

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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.
Chart PatternscorrectionDOWFlagimpulseIndicesNASParallel ChannelpatternpriceactionSPX (S&P 500 Index)structure
jojofang0901
Also on:

Related publications

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.