OANDA:SPX500USD   S&P 500 Index
Last break out looks like it might have been a big fake out. Typically I'd buy these after a drop of this size but judging from the moves in the currency markets this may have been the last big false break.

Taking up short positions again.

If this level fails will wait until 3890 to short again, but I think it's been a shake-out.

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