S&P 500: this short might just be the real one!
The SP500 index seems to have topped @ 4476. Technical analysis points to a sharper correction this time around:
- prices broke-out the long term bullish trendline
- short-term SMAs form an intersection above traded price
- short volumes are accelerating, as the daily range expands
- the new top formation saw the lowest traded volumes, signaling an exhausted market and low buying interest at these levels.
Next support should stand @ 4200. Short positions till this point, at least, should be easy money.
Below this level, more stops might get triggered.
Looking forward to your thoughts!
Trade smart!
- prices broke-out the long term bullish trendline
- short-term SMAs form an intersection above traded price
- short volumes are accelerating, as the daily range expands
- the new top formation saw the lowest traded volumes, signaling an exhausted market and low buying interest at these levels.
Next support should stand @ 4200. Short positions till this point, at least, should be easy money.
Below this level, more stops might get triggered.
Looking forward to your thoughts!
Trade smart!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。