US500 - Potential Bearish Reversal!

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US500 is sitting around the upper brown trendline so we will be looking for sell setups on lower timeframes.

on H1: US500 is forming a channel in blue but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, US500 would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich