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S&P 500 Exhaustion - Sell Order

Short
Indice S&P 500 (OANDA:SPX500USD)  
Quant_  
OANDA:SPX500USD   Indice S&P 500
Trend Analysis Chart Patterns Technical Indicators S&P 500 (SPX500) spx500short spx500forecast spx500analysis spx500sell sp500index sp500short sp500analysis sp500signals
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trendanalysis chartpattern indicator spx500 spx500short spx500forecast spx500analysis spx500sell sp500index sp500short sp500analysis sp500signals
SPX500 Short Position

Entry: $3,865.0
TP & RR: $3,828.3 (1.95)
Stop Loss: $3,883.8

REASONS FOR THE TRADE

Clear divergence in the Market Flow indicator and we are reaching a trendline, which I believe will act as resistance. SL is set well above it, so we give the trade some space to breathe and hopefully develop as we expect. Target is set at the previously established resistance, which should now act as support.
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