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R-L-A

US500 Bearish Impulsive Leg after some correction

Short
US 500 Index (PEPPERSTONE:US500)  
R-L-A  
PEPPERSTONE:US500   US 500 Index
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
US500 can start its second implusive leg after completing its correction. If core CPI data on Wedneday comes as expected or better than then it will act as a catalyst in its completion. However if CPI data is lower than it can reverse the movement in opposite direction. Possible area to short is between 4480 to 4500 and TP can set up 4340.
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