venckusarunas

SP500 short setup

Short
FX:SPX500   S&P 500 Index
Market have traded double top at ~2020 and this is the end of Elliott wave 12345. This price level meets Fibonacci 61.8% golden ratio. This is strong resistance level and probably will cause the correction down. There is possible magnetic zones at 1970 and 1930.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.