Inizia
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S&P500: Broke below wedge support

Short
Indice S&P 500 (OANDA:SPX500USD)  
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OANDA:SPX500USD   Indice S&P 500
Fibonacci Trend Lines Moving Averages SPX (S&P 500 Index) S&P 500 (SPX500) US SPX 500 SPDR S&P 500 ETF (SPY) index Stocks Wedge supportbroken
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fibonacci trendline movingaverage spx spx500 spx500usd spy index stocks wedgepattern supportbroken
Too bad I now have to take back my idea we were going to hit resistance at 2950. As we broke through the short term upwards trend support, I now expect a drawdown to at least the 1 retracement which sits at around 2650, hence a trading approach right now would be short for the rest of the week. As the medium 100 MA on this 4h chart already went above the 1 retracement and the shortest term 10 MA crossed above the 100 MA however, we might see further sideways trading.

Let me know what you think!
Commento:
And boy, let me tell you again I am not making comments about fundamentals.
By that I mean: What is going on with OIL right now is just ridiculous... Crazy times

Idee correlate

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S&P500 Rising Wedge: Getting rejected below 3000 and then what?
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