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cccpKGB1

S&P Approaches Strong Resistance - Quick Short Opportunity

Short
S&P 500 Index (OANDA:SPX500USD)  
cccpKGB1 Updated   
OANDA:SPX500USD   S&P 500 Index
Support and Resistance Trend Lines SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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supportandresistance trendline spx spy spx500
S&P has seemed to stall at the shown resistance level.

Watching for rejection from resistance and / or break below trend-line. Tight stop. VIX is low, complacency is high,near ATH,.... Due to rinse some longs out sooner or later.

Quick trade; in and out for me. Holding S&P shorts rarely ends well.

3000 & 2990 support levels for a target.
Comment:
Same resistance box shown on daily chart. Pretty strong zone in the past.

snapshot
Comment:
Setup actually turned out to be a squeeze higher.

CURRENTLY TRADING 3023 --> PERVIOUS ATH 3025

We are getting very close to the weekly trend-line connecting the last three previous market tops.

snapshot
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