EugenioFN
Short

WATING CONFIRMATION NEXT ENTRY SHORT SPX

INDEX:SPX   S&P 500 Index
49 2 0
ENTRY SHORT @ 2052.91 SL 2117 EB 2010 TP 1975 WAIT FOR CONFIRMATION

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Trance-Man
2 years ago
So do you think the S&P will go up from today's close to 2049 without any more downward moves?
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moemia
2 years ago
The S&P has closed below September high along with the 2014 major trend line on the daily chart. OPEC announced they are not stopping Oil Production. Oil has fallen below $50, oppressing international economies who needs oil to be around $100 to break even.

The threat of a global financial oppression will cause investors to stay cautious. Greece snap election is on the 25th Jan. ECB is working on the countries bankruptcy case (Third time in 5 years) with QE therefore causing stress in the Eurozone, which makes matters worse as US is heavily involved with Euro along with the rest of the world. Fed has the possibility of an interest rate change after the first quarter.

And you think we're able to gain 600 points during this crisis?
Please view my DOWI chart for more info.

DOW Closing the first week of 2015 below Support!
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