ChartArt
Short

S&P 500 downtrend accelerates in May

FX:SPX500   S&P 500 index of US listed shares
461 1 8
First strong bearish day since March 2016 means sell (as measured with SMA 50 smoothed consecutive candles, which were bullish until today, May 17, 2016 for several weeks). And on Monday, May 16, 2016 the close prices were very telling: the "S&P 500" closed at 2066.66 and the "DOW Industrial" at 17.710.71 - as if some mega whale had fun putting in nice numbers to take profit.

Original short entry: 2100 (see my chart: "Outrageously fatally complacency")
Additional short entry: 2050
Stop loss: 2070

1. Target: 2000
2. Target: 1960
3. Target: 1925

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Qiuness
6 months ago
will add to my position!
Reply
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