VasilyPonomarev
Short

S&P500 Potential Short Trade: ABCD PATTERN

FX:SPX500   S&P 500 Index

potential short trade on spy .
the market is very close to an important supply zone .
this zone matches perfectly with the completion point of ABCD pattern .

I will be looking for short 2940 - 2960 zone.
T1 - 2895
T2 - 2840
Comment: Market has touched the zone
Trade closed: target reached: T1 reached
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Nice. I agree to short however I see a test back to sub 2700.
+2 Reply
@Teklologist, good chart !
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SPY hit a bit of a wall @ 293.80 today, did it not??? I am thinking "off the chains" tonight for SPIDERS. More lower prices coming.
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@HaroldW, yes it is) yes, I think so too
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Share your trading ideas on SPY here
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