U.S. Indices Price Action Market Outlook (S&P500, NASDAQ, DOW)

Hello everyone:

Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them.

My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups.
All of them are pretty much sitting at the top of the overall higher time frame price action, so certainly has good probability that we can get some bearish reversals.
I will go over them from a mid-long term approach.

Once again patience is key, if the bearish price action does not develop or continue, then no trade and entry, move on to other opportunities and different scenarios.

SPX

NAS

DOW

Any questions, comments or feedback welcome to let me know.

Thank you

Jojo

評論:

Reversal “M” and “W” style pattern

12:05

評論:

Updates:

NAS

SPX

DOW