TipTVFinance

SPX could extend losses to 2320

SP:SPX   The S&P 500 Index
Breach of the rising trend line on Tuesday coupled with a drop in the RSI below 50.00 suggests potential for a sell-of towards another key trend line support seen around 2320.

Even then the RSI would be at a safe distance from the oversold territory, thus, the support at 2320 could be breached.
Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.

Reply
You seem to be missing a technical support level right here and now . If this area fails I see your target as the next stop . I am long here at 41 stop under 35 target 1 52 looking to follow the dec 2016 trend
Reply
@itradeFx, 1/2 taken at 51 T1, stop to even. I will look for 44 retest and add back on with a confirmation
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out