mandevillean
Short

Change in Trend to Down on S&P Hourly Futures

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
SPX SPXUSD            
The S&P             hourly futures appear to have completed a nine wave uptrend. Today, the S&P             tried to move above resistance at the wave 9 high around 2800 -- but failed. Subsequently, the market dropped, causing the angle on the 50 MA to point downwards. This is indicative of a change in trend from up to down on the hourly S&P             futures .

I'll be looking to short rallies.
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