Kumowizard
Short

Short has good risk reward

FX:SPX500   S&P 500 index of US listed shares
353 0 8
Only question is if we see a one way straight collapse again, or some choppy pull back making a Head and Shoulders as it happened in Nasdaq too?

Daily:
- Price break back below Kijun would mean further bearish indication
- Heikin-Ashi has clear bearish bias with haDelta/SMA3 below zero
- EWO             decreasing, negative divergence I already pointed out last week.

4H
- Bearish Ichimoku setup. Short term support area (sell zone) is 2069-2078. Price is just enterring it. Use this zone to add to shorts, or sell when you see a proper Heikin-Ashi signal. haDelta already signals some weakness.
- Next stop is possible 2040, which is also the neckline of possible daily Head and Shoulders . I'd expect some buying/short covering there.
- EWO             is heavy bearish .

Initial Stop for swing shorts shd             be at 2086
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