S&P lined up for a perfect storm

Good day traders!

We're looking at a potential sell setup for $S&P 500(.SPX)$ 

And this is why:

1.) On the H4 chart, the SPX is moving in a descending trend and moving below the ichimoku cloud signaling bearish momentum.

2.) Look for a possible breakout sell entry at 3639 levels where the key support sits

3.) Once level is broken we have a bearish confirmation to bring price down to 3465 levels where the 121.2% extension sits

4.) The stop loss will be set around 3805 around the 23.6% Fibonacci retracement. The take profit will be at 3464, corresponding to the 127.2% Fibonacci extension leveIs

anyone else who believes the same way?

Trade Entry recommendations:

Sell Entry: 3639

Take Profit: 3464

Stop Loss: 3805

Other tickers to recommend:

For 5x Long Leverage: $S&P 5xLongSG250228(CUEW.SI)$ 

For 5x Short Leverage: $S&P 5xShortSG250228(CXBW.SI)$