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maenshokri

Weekly Outlook: S&P500 Short

Short
S&P 500 Index (SP:SPX)  
maenshokri Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Weakness has been seen on S&P500. The next day candle is very important where we will decide to start shorting this index or wait for the prior top to start shorting.
Comment:
Reaching to the shorting level. Do not forget that tons of stop loss might be eaten and that will help this index to breakup the resistance level. For us this means nothing since we are not shorting yet.
Breaking up the prior top is not changing our shorting plan.
This trade will be the best for the next few weeks.
Comment:
Still waiting.
Comment:
Early signs for a reversal have appeared but its not time to short for non-professional traders. We will talk about this setup next week.
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