SPX500: Sell Off Is About To Begin

FX:SPX500   S&P 500 Index
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 :)
Thank you for your good chart .
Fxprotrader PRO ForexLoveme
You are welcome
nice view
Thank you :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out