AaronSLuce

S&P500 - Shorts

Short
OANDA:SPX500USD   S&P 500 Index
OANDA:SPX500USD

A very key trend line that has been acting very well as support since March this year, is now being retested as resistance. Currently rallied up for over a week, maybe due to pullback? Looking likely from a technical perspective with the back of this key trend line and previous resistance highs from September this year, something to look out for!

Would I say jump into shorts? Without long anchors, no, this doesn't make sense. Go down to lower timeframes and look for change in structure before just jumping in shorts!