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UmarAbdurRehman

SPX500 Reversal setting up (Possible Short)

Short
S&P 500 Index (FX:SPX500)  
UmarAbdurRehman Updated   
FX:SPX500   S&P 500 Index
Trend Analysis Technical Indicators Chart Patterns S&P 500 (SPX500) spx500short sp500index SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) sp500future
14
0
trendanalysis indicator chartpattern spx500 spx500short sp500index spx spy sp500future
SP500 have been trading with in a multi sessions bullish channel with price action just making marginal highs, current price action approaching almost the top of the resistance channel where I am seeing fresh falls taking place.

Higher time frames picture is still bearish with momentum on all across the bigger picture still bearish. Keep an eye on this market for a possible good medium term trade.

Good Luck.
Trade active:
Trade closed: target reached:

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