Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
S&P QUICK UPDATE
As we can see price is still trading around a resistance zone , so we are still speculating a bearish reversal.
Since we are here, price formed a nice looking trendline, so for the bears to kick in we need a break below the marked major swing low.
Then a further movement lower would be expected, till the next rising trendline from higher time frame and support zone as well
Where we will be looking for new longs
Until that we are still overall bullish, and we can still trade higher to test our next resistance zone.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!