SPX500 Once Again at ATH, watch for bearish reversals

6 Jan 2022

Hello traders:

Here on S & P 500, we can see price is at the top of the overall higher time frame structure.

This consolidation has been going on for quite sometimes, and many often when price hits the highs, we often see reversal of bearish price action.

Now as we can see on the lower time frame, there is bearish reversal development within the HTF structure, and a strong bearish impulse down.

Now, to confirm further downside, wait for continuation correction to form and complete, before looking for entry down

Thank you

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