SPX500USD
So SPX broke through BTL 1 of our Channel with a bigger 1H Bearish Candle. The SMA 100 & SMA 200 are starting to flat out but weren't crossed yet.
When that move to the Downside continues, I would wait for a little Pullback on the 1H and then, in Confirmation with maybe the 4H, open a Short
Position with the Target 2638.36!
I did some Fib and SUP stuff in there, because Fib is pretty reliable on the 1H, so this `COULD BE` a `POSSIBLE PLAYOUT`for that Short Position.
Pretty simple. Just look a little bit to the left (the past) and you will see that my Analysis could actually work.
Be patient and look out for those Setups, we will see! But SHORT move coming soon for sure.
Komen:
Price reached that first SUP Level in the 1H Chart. Getting ready to Enter my SHORT Position.