It is a little hard to lay down a road-map for the US Indices given the uncertainties surrounding the whole coronavirus situation, therefore best to break it down piece by piece - week by week.
A little hard to try and guess what will happen in a more longer term horizon.
For now I see a short opportunity as we complete a 1-5 | A-B-C Cycle.
Hypothetical scenario:
(1) Entry @ $23,786.00 (Sell Limit)
(2) Stop Loss @ $24,287.00 | 501 points
(3) Target @ $22,921.00 | 865 points
(4) R:R = 1:1.72
Stay tuned for the updates.
Follow and leave a like if you liked this idea and want to see more!
*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.