ernstschwarz

SPX500 Not a convincing sell yet

FX:SPX500   S&P 500 index of US listed shares
272 1 10
The aligned CCI (27) trendline broke to the downside but the price did not break it's corresponding trendline . for me this means there is a good chance for one more up making higher highs or double top or maybe only going to the 0.618 retracement of the recent move down. the last scenario may provide a good sell setup for you guys?
Comment: i hoped for a deeper pullback up so i did not get into that trade.
anyway it went quite good. and that is good to see.
Comment: still there is a good chance for one more up. but i am not interested in a buy. i wait for a big sell!
guy and ladys, i d love to chat to you and discuss strategys and thoughs on the market. leave a like but please write a comment. thanks.
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