OANDA:SPX500USD   S&P 500 Index
Pattern: Channel Up on 4H.

Signal: Bearish as the pattern made a Lower High just above the 4H MA50 as on March 04.

Target: 2200 (right above the Support).

*NOTE: if the Resistance breaks, the trend may to 2700 (first Gap).
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I'm guessing the jobless claims report tomorrow will bring it down. I'm in the shorts right now.
+4 Reply
@JoeFro, Yes of course the jobless claims is a big catalyst.
+2 Reply
so heavy on shorts
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