Down, Down, Down... Close Below 2767 = Short Trade of The Year !

S+P 500 is retracing back towards this weeks low of 2767.66
30 Minute RSI thus far, is confirming the decline.

Pay close attention to MACD + RSI for bearish confirmation in all time frames.
Any bullish divergences should be noted/ observed.

A decisive Daily Close below 2767.00 for the balance of the week,..
(including this Friday,when monthly jobs report is released)
could set up the potential short trade of 2019.

Minimum Measured Downside Target / On Close Belew 2767.00
= 2718.00 !

SPX Last 2778.25

THE_UNWIND
3/6/19
Mountains/New York

Commentaire:

I said in the above post to pay attention to any Bullish RSI Divergences !

30 min RSI on the S+P has formed a Short Term Bullish Triple Bottom
] at the 30 level,
NOT going to a new lower low, as price did this afternoon at 2769.53

That could mean a succesful test of very important S=P support.
Pay heed.

THE_UNWIND
3/6/19 230 PM

Commentaire:

SPX Open : 2766.53
Confirmed Sell Signal
RSI, with CMF Money Flow Confirming, in both 30 and 60 Minute Time Frame

THE_UNWIND
3/7/19
Mountains?New York