Fxprotrader

SPX500: Sell Off Is About To Begin

Short
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.
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.