SP500 is in a corrective phase, the market is currently bullish, the market formed a descending wedge that is expanding in nature, from the beginning of major wave (I),4810.6, to major wave (V),3560.6. This is a reversal pattern. Again, as we can see in the chart above, the market formed a double top at minor corrective wave c,(4171.9). and the market responded positively to this bearish pattern the price is currently dropping, and I expect the price to drop up to 3914.7. You can place a sell trade now with your profit target at 3914.7 and stop loss at 4148.7.
Trade Recommendations:
We’re short
