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MoneyPatterns
Jan 27, 2020 3:12 AM

SPX – Bearish Trend on Weekly – Finally Here Short

US SPX 500OANDA

Description

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
The_Unwind
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 !
MoneyPatterns
@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! :)
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