ChartArt
Short

S&P 500 all-time-high bull trap finally complete

FX:SPX500   S&P 500 index of US listed shares
425 1 9
The "S&P 500" finally made the higher high in the overbought region to potentially trap the last Summer bulls at the all-time-highs. Risk/reward is looking attractive again. Currently the "S&P 500" is at 2179.9 points after the Monday close of August 8, 2016.


Short entry: 2180
1. Target: 2125
2. Target: 2085
Last all-time high: 2187.1
Stop loss: 2188
Risk: 8 points to 2188 from 2180
Reward. 55 points to 2125, 95 points to 2085


Screenshot of the current weekly candle, after one trading day of the week has closed:

snapshot
nice analysis and charts
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out