S&P 500指數
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Inside pin bar: powerful signal

50
Last Friday an inside bar formed that was also a bearish pin bar with resistance holding prices down. There was both dynamic resistance of the 8 EMA as well as a strong horizontal level.
I di not take this trade, but I planned it out to see if the signal would play out.
It did play out.
Notice that yesterday a bullish pin bar formed, suggesting that buyers came back into the market. However, today sellers took over control again and pushed the price below yesterdays low.
This signals a high probability for more downside.

Buckle up!

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