SPX Opening Call 1/12/17 - Very Bearish Short

S&P 500 IndexTVC

Description

⋅ Jan 12, 2017 1:28 PM

Before the SPX open 1/12/17 both S&P 500 and Nasdaq futures are down.
The SPX pattern since its top at 2282.10 is very bearish.
High probability SPX reaches 2245 today, it could go lower.

Mark

Comments

pandainirvine

⋅ Jan 12, 2017 4:50 PM

Great call Mark, you rock!

markrivest

⋅ Jan 12, 2017 5:32 PM

Hi @pandainirvine,

Thanks.

brchart

⋅ Jan 12, 2017 4:08 PM

Great call Mark!

markrivest

⋅ Jan 12, 2017 4:09 PM

Hi @brchart,

Thanks.

brchart

⋅ Jan 12, 2017 4:16 PM

@markrivest, Are you targeting 2245 still?

markrivest

⋅ Jan 12, 2017 4:20 PM

Hi @brchart,

Yes.

The_Unwind

⋅ Jan 12, 2017 3:23 PM

Mark,

Head and Shoulder's pattern in the SPX executed at the open, from yesterday's close at 2275

2260 Support must be broken, which would confirm the neckline break of support,

and project to SPX 2245 that you are projecting.

The_Unwind

markrivest

⋅ Jan 12, 2017 3:25 PM

Hi @The_Unwind,

Thanks for the information.

Mark