SPX shows M pattern

From the daily chart, SPX encountered resistance near 4136 and made several attempts without a breakthrough. It is highly likely to experience a downward correction. Switching to the hourly chart, there is a M-top formation approaching the 250-day moving average. Therefore, today is a bearish view, even though there is a small correction on the 5-minute chart, you can short when there is a further pullback.


https://www.tradingview.com/x/qQOjwyXE/