Trading_Off_The_Charts

Daily extremely bearish

Short
OANDA:SPX500USD   S&P 500 Index
details on chart
Comment:
shorted here at the .618% fib level
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potential retrace set up worth monitoring
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heavy retrace needed
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watching the .50% fib level 2691 could bounce.. top red level if over taken price action will cont. to climb.. this the 18 min chart. I'm using it along w/ the 18/200 AD and smart money index. Smart Money hasn't completely left the market yet
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i'll be back in cash before NY open
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bullish hold from overnight,
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1hr explosion
Trade closed manually
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flag above?
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smart money dumping on spy 18min will monitor power hour
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not recommending a trade at all. I want to point out that smart money is still deciding while retail is chasing
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Comment:
back to monitoring short positon based on potential bearish inverted cup/handle

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