summer6
Short

SPX500

FX:SPX500   S&P 500 Index
425 3 31
waiting.....until it runs out the steam ^_^
Note:
this is not a trading suggestion.
Comment:
The daily Renko shows that spx still hasn't run out the energy yet.
Comment:

The daily Renko shows a downside pressure. Expect it would be sideways before November.



The pattern of weekly candles looks bearish. But the last candle is on a support.
Comment:

the daily cloud has been broken by the daily candle. if the candle closes below 2120 ~ 2122 on Monday, likely spx would go test 2100 before Wednesday/Thursday. let's wait and see if there is a confirmation.
Comment:

the daily cloud still holds those candles on the weekly. 2120~ 2122 looks like a support. many "blue-chip" companies will release the ERs this week. Let's see if spx could break 215x.
Comment: the daily Renko update

Comment:

just in case, you'd like to see the 4H chart. :)
Comment:

on the daily chart, the down trend has been extended. notice RSI is lower than 30% now. hope your short works well :)
Comment:

spx has been in a nice bullish trend after 208x in the early Nov. expect it would test 219x before Thanksgiving.
Comment: after a few months, spx finally reached 2214.90. let's see how Italian referendum and FOMC will be unfolded.

summer6 Raja8934
Thanks Raja. :)
Reply
a daily chart :)
Reply
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