KaizenTrader
Short

A Time For Patience Until We Have a Catalyst

FX:SPX500   S&P 500 index of US listed shares
This is my simple technical view for the SP500             as of 9/30/15.

-Price is approaching a shorter term bearish trendline and if it cannot break it, we may simply continue downward toward the 1840 level.

-Some may believe we have retraced and see a double bottom forming. This will lead to a break of this short term bearish trendline and the range on the chart will become more relevant.

-In case of consolidation and ranging price action, I plan on shorting this index and equities in general at the top of the range. Unless we have a dramatic fundamental change in the macroeconomic situation, shorting at around 2000 would be ideal.

Goodluck fellow traders!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out