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jmfer1
Apr 13, 2018 1:38 PM

US 500 Short

S&P 500 index of US listed sharesFXCM

Description

Sell Level We look to Sell at 2740

TP: 2600
SL: 2800

Technical Analysis:

A 5 wave bullish count has been completed at 2880
Price action has posted a bearish Hanging Man and is negative for short-term sentiment
Trades with a bearish descending triangle formation
A bullish reverse Head and Shoulders has formed
The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower
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