AnriErikanov
Short

A good look why to short the SP500 Short term

FX:SPX500   S&P 500 index of US listed shares
135 0 5
I am comparing the sp500             with the pair USD JPY to see If USD could continue to fall or yen to strenghten

From a Technical standpoint I am using structure based strategy to short the sp500             a head and shoulders pattern has occured and previous key support trend has become resistance and a break with the neckline and the green support line would mean price could head lower to the 618 retracement or further

From a Macro economic standpoint when Yuan had strenghtened you could see US stocks to fall because of less revenue
but we see USD retrace very sharply but this could be a retracement and fall even further


Stops are placed when looking at the daily around 2059 resistance trend
targets at 618 and further
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