OANDA

Selling previous support on SPX.

Short
OANDA:SPX500USD   S&P 500 Index
US500 - Intraday - We look to Sell at 3834 (stop at 3889)

The medium term bias remains bearish .
We can see no technical reason for a change of trend.
A firmer opening is expected to challenge bearish resolve. Resistance is located at 3840 and should cap gains to this area.
We look to sell rallies.

Our profit targets will be 3701 and 3680

Resistance: 3840 / 4150 / 4320
Support: 3700 / 3280 / 2475

Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.

Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.

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.