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Nickonomics
Sep 22, 2015 10:43 AM

Short S&P500 on corrective rally completion Short

FX:SPX500240
S&P 500 index of US listed sharesFXCM

Description

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The 3-wave advance from August low seems to be complete. This sets the stage for a larger downtrend continuation. There is also a short-term H&S pattern, which should be confirmed on 4-hour candle close below 1946.
S&P 500 (SPX500)ESSPX (S&P 500 Index)StocksUS
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