The Index was trading at a higher level from where we have seen corrections coming on an intraday basis. At 4783 we saw a pullback in the Index but it was not able to sustain and again selling pressure was seen. Recently the Index has closed below 4783 level one more close below this level will be an opportunity to enter short.

The DMI- has crossed DMI+ which suggest negative direction and the ADX trading above DMi+ which suggest strength in the direction.

Advice : Sell if the index closes below 4783 for 2 consecutive candles.

SP500

Dec 28 2021