US Stock Indices | High Possibility of a Top Next Week

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Last week was spent in a tight consolidation, a pattern commonly known to price action traders as barbwire. Looking at the overall picture, I am fairly confident of a large downside move starting next week, with a 60-70% probability. I will be watching to see if there is any confirmation to short.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.