Kumowizard
Short

SP500 - Hey Bulls, the later it goes, the more you'll suffer!

FX:SPX500   S&P 500 index of US listed shares
205 0 1
This is what I call fanatic denial! Buy the dip, even the smallest! Meanwhile from inside it is rottenning. I see it is really a big fight to protect this 1850 level, but does it worth? If they want to protect it so badly, they must be very much loaded by now. But hey Bulls, wouldn't it be better to keep the gunpowder dry for the protection of 1800-1810, which is just a shy 2,2 % away from here and only 3,7 % from the all time high? That is a lot more important as we all see.
The checklist: Daily MACD bearish (with some neg divergence too), Slow Stoch turning bearish , Tenkan flat to Kijun, might gove us a bearish cross (weak sell signal) in case that inner trend breaks finally, and daily DMI             closing in (still bullish though, but it will have a lot more importance at 1800). 4 Hrs: Flirting with the Kumoand the trend line, Bulls there to protect, but Kumo is very thin now. DMI             bearish and ADX is picking up! Tenkan/Kijun bearish , Chikou span dropped below price. Watch 1850, as if it goes through that finally, 1800-1810 we will see very quickly.
In case this scenario hits in, I also have ideas for the further px             development. From 1800-1810 buit will retest 1840-1850, and in next round we might see what "Sell in May and walk away!" really means... 1680-1700.
Best strategy for me is buying slightly OTM Put options for May maturity! Can not suffer stop hunting like during my last short attempt.
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