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BigCharts
Oct 18, 2016 6:44 PM

SPX Possible short Short

S&P 500 index of US listed sharesFXCM

Description

We are currently at the top of a triangle which should in turn mean that in the next 4 hours the "current" shouls start reversing until the sp reaches 2133, in which case I think it can easily break the diagnal support.

Trade closed: stop reached

The spx tried broke the diagonal support but failed to close below 2132 and thus bulls rushed to pump it higher where it reached my stop. I exited the trade with a loss as I traded the VIX rather than a CFD. More sidways to be expected until NOV 8th.
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