Johnny_Yu
Short

WAIT FOR THE SECOND FAILURE TRY TO SHORT S&P

FX:SPX500   S&P 500 Index
1. BUYER MAY TAKE A REST AFTER RECENT RALLIES;

2. PRICE MAY DROP TO 2133 IF IT CAN NOT CREAT A HIGHER HIGH

3. PAY ATTENTION TO THE AREA 2154-2155.6, IF THE SECOND TRY FAILS, IT WILL SOON DROP THE BOTTOM OF THE RANGE 2146 WHICH I MARKED BEAR TRAP

4. PRICE MAY DROP FURTHER TO 2133-34 BY MEASURING THE HIGH AND LOW OF THE RANGE(2146-2158)

5. NORMALLY, PRICE WOULD DROP VERY QUICKLY AFTER CREATING NEW HIGHS, FOLKS MAY RUSH INTO THE MARKET, WHILE BIG INSTITUTIONS START TO SELL.


The Momentum is so strong that it may be in the middle of ab=cd pattern, the target is around 2196.
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