mshamjad

$spx at a cross road - Weekly chart Sell

Short
FX:SPX500   Indice S&P 500
Bears going crazy two weeks ago, then bulls going crazy last week.. We meet again at the cross road of multiple confluence point..

1. We are at the 61% fib level from the drop
2. We are ON the Upper channel from 2016 .
3.We are retesting the broken uptrend line .
4.MACD and RSI is turning on weekly .

The Risk Reward is very high for the Sell side.

I will wait for the 4 hourly chart to break the recent Uptrend before selling.

This sell will be invalidated if we break and close above the cross road.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.