FX:SPX500   S&P 500 index of US listed shares
166 4 1
Expecting SPX             to correct to 1950. It sits nicely at 38.2 retracement.
A slightly hawkish Fed and a off hand statement or two should do the job.
If this pans out, I would also expect similar downward move in oil             with USOIL             going to 33.5 levels.

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Kaustubh
SPX headwinds
Kaustubh about SPX500 7 months ago
Reekardo
8 months ago
why do you still think we are going up? thanks in advance.
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Kaustubh Reekardo
8 months ago
Hi Reekardo, at this point it's a failed trade. Sometimes things don't work out. All good.
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Reekardo Kaustubh
8 months ago
i see futures are getting sold at important 2027.75 ES mini ............ 2045 is a major resistance, but i think major shorting will take place at 2027
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Kaustubh Reekardo
8 months ago
Interesting! The lines you see on the chart above were drawn on weekly chart. They should be clearer in the chart below
snapshot

Around 2050 is the upper channel so you are on to something. Thanks.
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