Fxprotrader
Short

SPX500: Sell Off Is About To Begin

FX:SPX500   S&P 500 index of US listed shares
Price with a sharp impulsive move has broken below the consolidation it was moving in and has now retraced to the upper parallel of a downsloping median line . For a more precise level i have drawn a slide parallel at the level which seems price has rejected twice. What it comes in my mind is that sellers are around that level and i am thinking of joining them.
Very uncertain about the ultimate damage. But thanks.
+1 Reply
I'm inclined to think we will see a correction as Fed juiced rallies frequently retrace to their beginnings or 2140. Ideally, the market will move up to 2177, a major EW pivot to allow us to judge sentiment.
+2 Reply
Lets join the sellers :)
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Thank you for your good chart .
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Fxprotrader ForexLoveme
You are welcome
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nice view
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Thank you :)
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