hankchef

SPX will likely bounce here, but not a good long entry yet

Long
hankchef Updated   
FX:SPX500   S&P 500 Index
4
waiting for lower timeframe confirm
Comment:
Comment:
on the Neckline, breaks up then retest 2090 or suppressed and continue down?
Comment:
One got to respect the market, if it goes up, it goes up. Look for shorts around 2075 or 2098, simply the fib levels. Prepare to retreat longs, short at the level and make sure of stop-loss you can handle.
Comment:

2084 is also an important resistance/support level, now acts as resistance

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