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Flea_FX
Sep 13, 2016 2:41 AM

SPX Short - Range Play Short

S&P 500 index of US listed sharesFXCM

Description

2 clear levels on SPX500 around 2,160 & 2,110, price has reacted strongly to these areas consistently & regularly. 4H chart shown for clarity of levels.

Clear deceleration around 2,160 on 1H chart triggered short entry. Price has also retraced to 50EMA on Daily chart.

Conservative target near bottom of range, increased volume expected through the evening (Aus time).
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