SPX500 Bullish Reversal, Wait For Buy Confirmation


Hi traders:

Most of the indices market are now looking bullish, and here on SPY is shaping up for a nice buy setups.

from the previous bearish development, price push down to the higher time frame previous lows, but failed to form continuation to go lower.
SPX500 Look For More Bearish Move Down


Instead, price formed a potential double bottoms on the higher time frame, and descending channel reversal. Good signs of the bearish momentum exhausted.

Latest development did have a bullish impulse up, and now forming possible continuation correction.

Be on the lookout for the completion of the correction to confirm and validate the buy setups

Thank you
Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge

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