SPX Double Top Rejection @ 4144 - SPX500 SHORT 2 HR CHART
All the earnings and FED news is out so we “”buy the rumour and sell the fact….””
1 - Looks like 4144 a small double top.
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops followed by Large engulfing RED CANDLES
4 - MACD - BEARISH signal
5 -VWAP - Held on the retracement
6 - FIB levels are the current support
Will trade this to the short side once it breaks below 4090
1 - Looks like 4144 a small double top.
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops followed by Large engulfing RED CANDLES
4 - MACD - BEARISH signal
5 -VWAP - Held on the retracement
6 - FIB levels are the current support
Will trade this to the short side once it breaks below 4090
Trade active:
short es1 - sept Emini --3;00 am Seattle time
Trade active:
Staying Short - added contracts to Futures -- The pop just took out stops for the ride DOWN and needed to close the opening GAP