Get started
Gmelendi

Oportunity at S&P 500 for the next weeks

Short
S&P 500 Index (FX:SPX500)  
Gmelendi  
FX:SPX500   S&P 500 Index
S&P 500 (SPX500) index
5
0
spx500 index
After falls at the beginning of the year, S&P 500 tested the huge support at 1800 and completed a double bottom figure which target has just been achieved.
  • S&P 500 has arrived at the downtrend line that is active for almost 1 year.
  • RSI breaking trends and showing triple down divergences.
  • Price has just completed 5 impulsive Elliot waves, so now it's time for corrections.
  • Ratio Profit/Risk more than 2!

Gonzalo Melendi
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.