TradingView
tntsunrise
Oct 22, 2015 9:07 AM

SPX500 Potential Reversal Zone Identified Short

S&P 500 index of US listed sharesFXCM

Description

SPX500 the Potential Revesal Zone is
2072-2100
Watch closely for the price action when:
A: 1.272 ext - 1.414 ext
B: The Red Trend Line Retest
C: 0.886 Retracement
D: RSI over bought or divergence
SL: 2150
Target: 0.382,0.618, and more

Comment

2098 SHORT ENTRY FILLED
Comments
lucianfx00
I'm in to @2093 not waiting for 2109 cause it may not come
lucianfx00
Thank you for pointing out this good profit opportunity, I plan to short at 2109 (hope it goes there) with tight sl 2130 an for tp 1855
tntsunrise
agree! Trade your plan!
Rocketman
I also shorted the SPX500. Same spot, but target is 1600. I'll keep open-minded.
muslim_islam14
pedroscott
Tx Tntsunrise- I have been bearish here but market reversal has been very powerful-Tyour chart makes sense within my own analysis framework. Fundamentals are not strong enough to get to new highs in my view but of course technical analysis depends on the price action day to day, week to week etc.
mcpeacocks
nice one.
seems a potential gartley is forming as well
muslim_islam14
More