SP500 Short term correction likely

S&P 500 index of US listed sharesFXCM

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⋅ Oct 22, 2016 8:30 PM

Based on structure, and a bit of divergence, I think a lower degree correction seems possible if it breaks, before starting to go up.

I am not an expert, so if you see something that I didn't, see, please share your thoughts; we are all here to learn. (Me being the first)

Good luck with your trading

Cheers!

⋅ Oct 25, 2016 4:15 PM

⋅ Nov 1, 2016 8:22 AM

Looks like it is making a triangle.

If it breaks to the downside, It's a good opportunity to sell

Good luck

⋅ Nov 1, 2016 7:18 PM

⋅ Nov 1, 2016 7:22 PM

Be careful, don't sell now, because once they've broken that low, there is a very strong possibility of it turning, at least to correct a bit

SP500 Short term correction likely

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