Kumowizard

SP500 - "Bear in mind", some important new signals confirm SELL

Short
FX:SPX500   S&P 500 Index
0
Bulls try to do their best to protect 1840 key support! The low reading of Stochastic might help them, there is some chance we can see a correction from here towards 1860. If that happens I would defenately use is for exitting all remaining longs and build short positions further. New signals that are confirming the bearish reversal on 4 Hrs: Chikou Span dropped below the Kumo, Kijun dropped below the Kumo, Future Kumo is clearly bearsih and Senkou A started to point down. Strategy is same as before: Sell either the retest pulbback ard 1855-1860, or if not reached then sell the next cross down of Slow Stoch. or the break of 1840. On pop ups option strategy is to buy 1840 / 1790 Put spreads for May exp. date. Initial Stop is 1876 for now.

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