Now I could be wrong (because you know no one is correct 100% of the time), but IMO I believe the S&P 500 markets just showed something today that is a big sign of a continued downtrend, past the recent low of 2317.75. You would, most likely, need a lot of understanding of how the markets work to see it, but there was a big "red flag" that appeared during the regular session today.
Looking at the chart above I see at least 4 signs that the ES, the S&P 500 E-mini futures, price most likely will continue its downtrend really soon. This would be the continuation of the downtrend that started after the all-time high on March 1st. Obviously for day traders this information is not as relevant, but any day trader can use this info to make better trades. In fact all information, whether it's on a longer term time frame or a shorter one, can be useful to almost all types of traders, from scalpers to long term investors. And if you know how to read charts and use technical analysis then it could benefit you, just as it can benefit most traders.
Some people think you need a lot of technical indicators on your charts to get multiple signals of which way the price is going to go. That is definitely not true, in fact too much stuff on your screen usually causes too much noise, which in turn makes it harder to make a profit. You can get multiple signals of which way the price is going to go in the near future just by looking at price action and volume. But you need to know how to read them properly, because there are patterns, but some patterns on price charts can be deceptive, especially if you are a newer trader or investor.
Patterns can also be different depending on which instrument you are trading. So the more screen time and practice you get with the specific instrument you want to trade the better your decision making process will be with trading that specific financial instrument. Don't skimp on learning. The more you learn the more you earn.
What signs in the chart above do you see that tell you which way the price will go in the next few hours, or the next day, or next several days? Thank you for your comments and shares.