Hi all.
I think who believe sp500 weakness and waiting for trend change has to wait till Sep-Nov according this rising wedge formation....but for short time traders and swing traders there is an excellent opportunity to place short as the price is at the upper channel BUT lets wait for the next candle how it close. Risk-reward ratio is really good but just till certain time!
I also think the recent level is gonna be important in the future...but lets talk about that in few months
I think who believe sp500 weakness and waiting for trend change has to wait till Sep-Nov according this rising wedge formation....but for short time traders and swing traders there is an excellent opportunity to place short as the price is at the upper channel BUT lets wait for the next candle how it close. Risk-reward ratio is really good but just till certain time!
I also think the recent level is gonna be important in the future...but lets talk about that in few months
