Hello traders
S&P 500 outlook.
Good chance to go short and get 50 - 75 points.
- Descending Chanel
- Bearish flag
The first chance to sell is if the price breaks through the bearish flag pattern which should be around 4475. A H1 close below 4455 (fib 38.2 level from March highs) should give the price more downside momentum till at least the fib 50 level at 4390 - 4400.
Good trades.
S&P 500 outlook.
Good chance to go short and get 50 - 75 points.
- Descending Chanel
- Bearish flag
The first chance to sell is if the price breaks through the bearish flag pattern which should be around 4475. A H1 close below 4455 (fib 38.2 level from March highs) should give the price more downside momentum till at least the fib 50 level at 4390 - 4400.
Good trades.
Trade closed: target reached:
@ 4390 pt.