themarketzone
Short

Aggressive C - Bullish AB=CD pattern

FX:SPX500   S&P 500 Index
Potential short term bearish trade - Aggressive C sell entry for a bullish AB=CD pattern.
Price must remain below the 61.8 Fib level and the hourly 50 SMA line.
First target - 2065
Final target - 2058

The bearish setup is inside a broader daily bearish setup I mentioned in my Weekly Markets Analysis newsletters - Read more about $SPX             and other trading ideas http://goo.gl/Jfnwob

Tomer, The MarketZone.net

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Trade closed: stop reached: Fast SMA held as support and $SPX rallied above X
Comment: Above A
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