PRO_Indicators

SPX / D1 : Triple short signal (price, sinewave, momentum)

Short
FX:SPX500   S&P 500 Index
No need to be long on the comment... it's a clear three uncorelated signal here... so very low risk entry point to play these two corrective waves.
We've got both Sinewave & Momentum indicators giving signals and they're doing it on a precise price target projected from the major Elliott count.
At this point any support breakout is a confirmation. The stoploss can be placed at a 1:3 ratio from the first theoric target.

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Comment:
Please note that there is still a little room up on other US indexes so don't be afraid to see price moving slightly higher.. We could easily make an nice upper shadow candle before breaking supports in order to trap some greedy buyers. Regarding the current volatility level... I wouldn't be surprised to see market makers pushing for a last attempt in order to trigger some stops. So don't be too agressive on yours, would be a shame to get filled on a stop hunt right before the drop right ?! I personnally put a 1% stop above the signaled candle.
Trade active:
The signal is now also showing on weekly chart.. If validated we'll be able to extend the short signal to a weekly timeframe ;)

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