Vortexxx
Short

S&P 500 Index - Let's play that 3. wave!

SPCFD:SPX   S&P 500 Index
Second wave probably formed. I think we can expect 3. wave to at least 0.382 Fib (2639$). Here is my trade. Risk/Reward ratio is 5.59!!! In case that I'am wrong i will put stop loss just a little above this massive resistance on 2814$. In my opinion, chance to break that horizontal resistance is very very low, not impossible, but very low.
Overall I think this retrace to this level is just B wave. Expecting C wave to start forming and that C wave will maybe make panic on market, so i can also expect panic sell. I you like this trade and analysis please hit that like and follow button. Thanks.