forexlens

3500 DONE, NEXT IS 3000

Short
TVC:SPX   S&P 500 Index
Just like we envisioned, the SP500 reached our long term goal of 3500. Next up, is a visit back to 3000. This move should only be taken if price can close bearish below 3400 on the 4hr timeframe.
Comment: Almost there, we need price to selloff a bit more before this trade is viable to enter.
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Comments

3200 & bounce or 3200 to 2700. There is no resistance/support at 3000. I do not follow your TA.
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The pendulum seldom stops in the middle. I think we'll break below the long term trend line, especially given macro economic issues. Possibly 2500 (shown on data/blue line), instead of 3000 stated in text.
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do yo have the 4hr timeframe.

thanks
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