More down for SPX500USD

27 de jul. de 2024

Hi traders,

Last week SPX500USD made a correction up into the 4H FVG and after that another drop just like I've said in my outlook.

So next week we could see a bigger correction up and after that another drop.

Trade idea: Wait for the correction up to finish. After a change in orderflow to bearish and a small correction up on a lower timeframe you could trade shorts.

If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.

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

Don't be emotional, just trade!

Eduwave

27 de jul. de 2024

Nota

I'm on holiday the next two weeks so no outlooks. I will be back after two weeks.