honeybadger
Short

SPX - Bearish Until Proven Bullish

FX:SPX500   S&P 500 index of US listed shares
234 0 6
SPX             has closed below 40EMA. Next stop @ 100/200 EMA at 2020.

We may see a repeat of Nov & Dec             2015.

Trading Plan:
1) Short now and see if price gets supported by the 100/200EMA confluence zone. The reason for shorting is because we have turned around and it's usually the best to stay with the trend.

2) If 1) happens, wait and see if price breaks above 2100 or the upper resistance line.

3) Unless SPX             breaks 2100+ remain bearish .
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