S&P 500 Index SPX500 The last short got stopped out at even - right idea, wrong double top. Now it's fallen below the parallel that's been guiding this impulse wave since summer lows...it's trying to make a feeble counter-rally back to kiss the underside of the lower parallel before it falls away again to 2566-2564 range where it should make a rally attempt to form the right shoulder of a head and shoulders pattern now forming here. Sell from 2580 or as close to as possible with stop above 2583 for 3 point loss if wrong...once 2564 breaks after a first bounce from there of up to 11 points back to 2573-2577 range it should fall again at least back to 2564 and then when that fails to 2541. Two short trades here worth following