JohnKicklighter
Short

S&P 500 Suffers Biggest Weekly Drop in 4 Years

SP:SPX   The S&P 500 Index
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The S&P 500             suffered its biggest weekly tumble in four years. It is fitting that such a significant drop would take out a major head-and-shoulders pattern (8 months in the making after 6 years of climb) and the floor of an exceptionally consistent bull phase. How much more room is there to sink? From a technical, fundamental and exposure perspective - plenty.
After this, I wouldn't think of shorting.
+1 Reply
elp IvanLabrie
A pullback to former a 4 year trendline support thats in confluence with a hwb? Good RR to short with observed resistance.
snapshot
+1 Reply
elp IvanLabrie
A return to former TL support, would short looking a past price history
snapshot
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