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

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:

Lower Time Frame:

SPX -

Higher Time Frame:

Lower Time Frame:

DOW JONES -

Higher Time Frame:

Lower Time Frame:

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

Comentário:

Closed both SPX and DOW

SPX - Out for +1% profit

DOW - Out for +1% profit