S&P500 - The beginning of the bear market?

SPX potentially created a top and is starting to head lower for the next months.



We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50% without any noticeable correction. In a couple of months, we will trade at lower levels!

Levels to watch: $5.500, $4.500

Keep your long term vision,
Philip - BasicTrading