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VladimirRibakov

SP500 Forecast

Short
US 500 (CURRENCYCOM:US500)  
VladimirRibakov  
CURRENCYCOM:US500   US 500
Trend Analysis Multiple Time Frame Analysis Trend Lines S&P 500 (SPX500) forecast Support and Resistance Trend Line Break bearishtrendpattern Bearish Patterns SELL
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trendanalysis mtfa trendline spx500 forecast supportandresistance trendlinebreak bearishtrendpattern bearish sell
D1 - Price respected an important resistance zone and is holding below it, bearish hidden divergence.

H4 - Price has broken below the most recent uptrend line, bearish divergence.

H1 - Bearish trend pattern, until the two key resistance zones shown in the chart holds my view remains bearish here.

If the price moves higher in one straight leg, breaks and holds above the 61.8% (2826.3) fibonacci retracement level then this bearish view will be invalidated.
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