FullTimeTrader

SPX500-bearish shark at key level

Short
FX:SPX500   Indice S&P 500
17
We can see on W1 chart:

- first lower low (price should continue the decline)
- 0.61 fib retracement as resistance
- strong structure as resistance

Here on this chart:
- ema 200 as resistance
- bearish shark already triggered
- from EW perspective price is forming a corrective structure, possibly wave 4

I would enter short now expecting price will fail to hold above 2.000 (my broker does not have it!!, will change it soon)

Best regards.
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