thesilverbullet

Need to break here or close our scalp

SP:SPX   S&P 500 Index
fyi
Comment: scalp worked for quick trade but always be careful when doing these, especially considering we are in a down trend, short spx on rallies now.
Nice setup
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The 15min period really shows the lower highs and lower lows. Not closing above 2683-2688 likely supports that the bears are still in control and short is the play.
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@JustCharts, After today's action I tightened up the charts and I would have to agree. I also think until the next move down occurs its going to keep being a crazy roller coaster on the 15min. The number of scalps I made the past 2 days was absurd. It is really easy to tell on the DOW that we most likely go lower.. What was crazy today was that S&P had big moves down WHILE DJI was going up.. What do you make of that? I didnt catch exactly what happening in the markets. But I wish I had the kind of capital needed to trade DJI mini instead cause the DJI did exactly what I expected today and was much easier to trade. Ill post a new DJI chart you can see that unless we have a big gap up early or overnight we should go lower.
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