Very similar to my S&P500 trade idea lined below.
Broke and closed below an important support/flip zone.
From here we want to see a lower high being made on the daily chart.
Again, the 4 hour chart shows a retest and rejection of this support now turned resistance flip zone.
Ideally, we want to see a pullback to make a lower high on the daily chart, and then a break below recent lows to confirm this first swing or lower high.
Broke and closed below an important support/flip zone.
From here we want to see a lower high being made on the daily chart.
Ideally, we want to see a pullback to make a lower high on the daily chart, and then a break below recent lows to confirm this first swing or lower high.
