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TennHedge
Feb 21, 2020 3:47 PM

Get Out While You Still Can Short

S&P 500SP

Description

The S&P 500 chart is looking very bearish here. Double top pattern playing out, multi-year (going back to 2009) price ceiling has been tested and failed. 10 day EMA breakdown is a short entry for me.

Comment

Probably my best idea on here
Comments
CapeAfrican
@TennHedge Looking back over your ideas ..Yes, this was your best call!! Hope you are right about the 2nd time around - cause it looks frothy
TennHedge
@SeattleGuy, Thank you. I feel very confident in my analysis again this go around. The chart cannot tell a lie.
butikka
Notice the RSI as well, doing lower highs but chart is doing higher highs.
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