SPX Analysis (12H)

263
As shown on the chart, the SPX structure is bearish because we have bearish CH (Change of Character) and BOS (Break of Structure).

Based on the fractals indicated with dashed lines and the drawn rectangles, we should expect one more bearish leg in this timeframe.

We are looking for sell/short positions around the swap zone.

The targets have been marked on the chart.

A daily candle closing above the invalidation level will invalidate this analysis.

Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.