jonasopdahl
Short

S&P500 SHORT

FX:SPX500   S&P 500 Index
68 0 4
With an impressive 8% rally in as many days, stocks look stretched to the upside at this point. CCI will provide a sell signal (below 100) if price moves lower from current levels. Targets would be 1,950 - 1,880 over a few days to a few weeks.

I don't think this will result in a "crash" just yet. A push lower from current levels, to a "new" high at around 2,050 or higher will set us up for a much larger move lower.

Watch stocks CLOSELY and wait for slowdown in momentum on either side for a setup.
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