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D_Market_Outlook

FINALLY THE SHORT SIGNAL FOR SNP

Short
S&P 500 Index (OANDA:SPX500USD)  
D_Market_Outlook Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Harmonic Patterns Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500) spx500short spx500long spx500forecast
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trendanalysis harmonicpatterns indicator spx spx500 spx500short spx500long spx500forecast
1. Broke out of wedge.
2. Reached a 0.618 resistance and price got rejected.
3. Volume on the rally up is low in the daily chart. This would possibly mean that the up move is weak.
4. RSI is losing momentum and having slight bearish divergence. Hourly chart shows a stronger bearish divergence.
5.Lower close of previous candle low
6. Good RR.

Trade closed: stop reached
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