InvestingScope
Short

S&P500: Sell opportunity within a Channel Down.

OANDA:SPX500USD   S&P 500 Index
The index is trading within a Channel Down on the 4H chart ( RSI = 47.015, MACD = -76.800, ADX = 46.728). The neutral technical action suggests that we are near a Lower High and that is a short term sell opportunity. So far there have been three bearish legs towards a Lower Low (-12.80%, - 11.15% and -13.20% in succession). Based on that our Target Zone is 2,130 - 2,080.





** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out