FX:SPX500 S&P 500 index of US listed shares
- 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.