AlexTrik
Short

Short S&P500 1D candle / 9 month time frame

FX:SPX500   S&P 500 index of US listed shares
5 months ago
I can see a repetition of the same pattern that occurred in November, with a trend reversal (Price diverges from upper BB) after a rapid rally. Furthermore, the trend reversal occurred at a consolidated resistance point 2015. Finally the stoch indicator hints to a downtrend as well as the a bearish dominance that the negative slope of the balance of power indicator has. Furthermore, it has to be noted that external, mainly european, forces put negative pressure on US equities . The brexit referendum creates uncertainty in the market and the Chinese economic slowdown contributes to the unfavourable bad earnings of Q1.
a month ago
Trade closed: target reached
a month ago
Comment:
snapshot
Trade the markets, not your P&L
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