MoneyPatterns
Short

SPX – Bearish Trend on Weekly – Finally Here

OANDA:SPX500USD   S&P 500 Index
Chart Details
4HR view shows heavy sell volume and bearish EMA cross.
Weekly and Daily view both show bearish trend . Most important Weekly – bullish trend since Sept.
Bearish EMA cross on Daily should confirm at 3250
Target for exit 3191
Watching RSI around 46 for exit bearish , enter bullish

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Comments

Watch 3250. S=P Futures have gone down there twice tonight, and held.
A break down there, opens up the pattern to a decline to 3180 !
+1 Reply
MoneyPatterns The_Unwind
@The_Unwind, I think at this point, we are headed to your lower estimate or even lower.
I was watching 3190, 3160, and 3090 as bottom. So many ascending wedges it looks like a Gann Fan at this point LOL
Good luck out there brother. We got this! :)
Reply
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