001011001010001110110
Short

SP at strong rezistence failing to test MONTHLY R1 @1997

FX:SPX500   S&P 500 Index
356 6 1
It's time to do a serious retracement after the fake rally, since SP             failed to test Monthly pivot @1900.
Hi alex,

I'm a bit worried.

A upswing again which I was not expected. Do you see higher prices or a turn around very soon?

Reply
Above 1990 this market topped.Only ranging before the big down.We had a double test at 1985.If SP breaks through 1985 the down will be very fast.Without a strong pullback , nobody can afford to go long at these levels.
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rgerritsen1 001011001010001110110
Merci! I'll wait! I bought already shorts.
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Hi Alex, monday will be interesting as SP failed to close above 1999 that mean we could reverse before FED meeting. I still believe Monday could be turning to reverse all the way to 1950 and possibly before Fed meeting to 1900. Please let me know if you still holding short?
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I'm all short.I shorted all the area from 2000 to 1982 with first target 1940.But even 1900 Monthly Pivot could be my target also.
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so much people think sp will down.
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