JamesBrown
Short

26.18 Set-Up on SPX500

FX:SPX500   S&P 500 Index
157 0 4
Double top formation with relatively deep correction, now testing the 0.618 retracement , with 20 SMA and horizontal resistance confluence. Also a bearish 50/20 SMA cross-over.
Comment:
snapshot


Strength for the trade if that top channel holds (shown here on the 15-minute chart).
Comment:
snapshot


A close below that support zone is the next sign of strength.
Comment: Target hit and them some (a lot of some) :)
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