martinex
Short

From H&S into ... Head and Shoulder

INDEX:SPX   S&P 500 Index
149 4 2
Chart looks pretty the same as the previous idea of mine , the difference is that this time we have even bigger formation to play with.

Greek vote is done ... on this ocasion in my opinion the whole move from 2045 levels was done. Now we can use it as an excuse : Buy the rumour - Sell the news for fresh short again.

Good Luck !
Let me add something here to the idea ... this looks similar on the cash market. Three Falling Peaks are present together with H&S formation

Futures look : http://930e888ea91284a71b0e-62c980cafddf9881bf167fdfb702406c.r96.cf1.rackcdn.com/data/tvc_91b7e80e8133dc41f517b9e50a6a6878.png
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martinex martinex
The marked has reached slightly higher levels than anticipated but new high was not shown ... then the run down was quite powerfull as it should be
snapshot


Please note the formation in futures I was refering to above http://invst.ly/18sm also more in NQ : http://invst.ly/18sj ... and at the end VIX http://invst.ly/18si

I would be also very carefull now with China factor - market collaps and goverment restrictions , "helping hand" will cause more bad than good, beware
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martinex martinex
and here we are now
snapshot
my TARGET should be hit sooner than later. Nicely done !
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Pre market levels has been reached 2117/20 ... can be waited till cash open , but not sure , this shpuld be your enter point for short positions.
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