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Muri001

Stock Part is over

Short
L'indice S&P 500 (SP:SPX)  
Muri001  
SP:SPX   L'indice S&P 500
Trend Analysis Chart Patterns Fundamental Analysis Contains image
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trendanalysis chartpattern fundamental containsimage
Confluence:
- Possible rejection from rising channel
- 0.786 fib level going to test golden 0.618 fib level
- extended from 50D SMA

Contributing factors:
- 68 RSI
- Extreme greed in stock markets
- Recession still to play out

Short opportunity with 4% downside.
Depending on FED speech, Core PCE numbers, and major stock earnings, we could be headed to test 50% fib level $4150 for 9% short opportunity.
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