Short term sell on SPX500USD

Hi traders,

If you've followed our analysis from last week you should have made some nice profit!
Watch out for this week because SPX500USD is reaching the trendline and overbought area and already touched the fib extension 1.272.
We expect a correction lower. So if we see a sell setup on a lower timeframe with multiple confluences, we will take a short term sell..

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This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.

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Eduwave Trading