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FundedTrader
Nov 29, 2018 1:01 PM

S&P500 short on Slope Rider signals Short

S&P 500 index of US listed sharesFXCM

Description

S&P500 on the hourly chart has fired the Slope Rider signals for divergence and short entry.
It's moving slowly and unconvincingly today but I think it will just keep moving lower, perhaps all the way to 2700.
There aren't big volume levels below here, so once the US session starts pushing it down it may retrace to the bottom of yesterday's (news fuelled) gains.
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