SPX500 REVERSAL???

Potential double top could be forming on the daily hinting at a new downtrend coming soon.

NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines.

I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames.

A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box.

Comments welcome! Happy Trading!!