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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out