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D_Market_Outlook

SPX LAST LINE OF DEFENSE FOR BEARS

Short
S&P 500 Index (SP:SPX)  
D_Market_Outlook Updated   
SP:SPX   S&P 500 Index
Trend Analysis Harmonic Patterns Technical Indicators snp500 snp500long snpshort S&P 500 (SPX500) spx500short
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trendanalysis harmonicpatterns indicator snp500 snp500long snpshort spx500 spx500short
1. Last Sell Zone that started the sell off.
2. Shall wait to see how price reacts in that zone.
3. Short at 2703 for a good RR.
4. RSI is very overbought
5. Harmonic Bat pattern as well.
6. Volume is still low in this rally. A lot of sideline money on the fence, thus probability for another downward move is still possible.
*If price breaks this level, mindset will switch to bullish.

snapshot
Comment:
snapshot

Rising Wedge as well in the 1 hourly chart. We could see that heavy resistance by the rising wedge as well.
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