pato

S&P creeping towards a top?

Short
SP:SPX   S&P 500 Index
The S&P looks like it could be nearing a top. The arrows on the chart present a trade for the short-side now, but I think there is a great case for one more leg up. Maybe we get the sell-off as the FED makes its move next week.

We had a great trade to the top here but I think we could see a bit of a pullback soon. Im tempted to short now for 2367 and wait to see if there is buy-side pressure at that point, as 2470 still looks possible before a serious correction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.