Casey_Yeo

S&P 500

Short
SP:SPX   S&P 500 Index
Market seems to have stalled around 2000-2010 level. Bearish pin bar formed at this key level. This may be due to profit taking on Friday before the weekend. Or this may be the beginning of a reversal/correction. RSI is showing bearish divergence.

Word of caution: This is counter-trend, and it is counter to a super uptrend. The potential risk-reward ratio may make this a worthwhile bet.

Related Ideas

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.