SPX500 has been in a bearish downtrend. We can draw a trendline on the downtrend structure points. If price break and retest the trendline to the topside then we will hop in buys (longs) till price react to the previous lower high structure .
If price rejects the trendline and continue to the downside breaking support then we can go short
Just React to price
If price rejects the trendline and continue to the downside breaking support then we can go short
Just React to price
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For more value and signals, join the Skyboxpips community t.me/Skyboxpips
Follow us on Instagram @skyboxpips
Follow us on Instagram @skyboxpips
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.