JamesZhang

Keep An Eye on SPX500, Might Has A Chance to Short

FX:SPX500   S&P 500 index of US listed shares
187 0 6
  • The SPX500             is now hovering around 61.8% Fibo Retreacement, and also it's getting close to bottom line of Up-trend Channel.
  • If SPX500             ever break the Up-trend channel, from purely technical part, I will immediately open my Short order. First target will be 38.2%, which is also about 200 days' MA. Second target is 23.6%, which was a lows of a few times before.
  • Before Spx500             break the Down-trend line of 1day's chart, which is the dotted black line at the up-right corner, I don't really feel like longing it. On the contrary, before it break the up-trend channel, you should be really careful of opening short order.
  • To be continued.
Comment: Waiting for it to brake the up-trend channel to build short orders, or 2005 to build long orders.
Comment: I just opened my short order, and put SL at 2010, looking forward to 1925.
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