SPX500 break trend line and retest 0.618 Short

S&P 500 index of US listed sharesFXCM

Description

⋅ Nov 18, 2020 2:41 PM

SPX500 break trend line
and retest 0.618

The recent up trend line was broken
and retested
price was rejected from 3622 level
So we can short SPX500 now
aim 3590 and 3400

Comment

⋅ Nov 19, 2020 7:46 AM

tp1 hit

Comment

⋅ Nov 21, 2020 1:56 AM

Nice Bearish move

Comments

EvanChueng

⋅ Nov 29, 2020 10:55 AM

The previous low point should have created resistance, but the resistance level has been broken. What we can do is to control the position and set the stop loss. How to identify?

PowerOfCapital

⋅ Nov 24, 2020 3:55 AM

It looks not that good now.

tutulov

⋅ Nov 19, 2020 10:07 AM

st4ndard

⋅ Nov 18, 2020 8:52 PM

Can you elaborate on the 3400 target? how did you set that box..

Thanks

SharkbaitAl

⋅ Nov 18, 2020 9:04 PM

@st4ndard,

CryptoeChris

⋅ Nov 19, 2020 4:08 AM

@SharkbaitAl, Thank you

KINGCEEE

⋅ Nov 18, 2020 6:50 PM

wonderful call! thanks for that. Following you a long time now and Ive learned a lot! Keep on doing it!

razzy_0123

⋅ Nov 18, 2020 4:02 PM

Lets Bear it down :)