2ndSkiesForex

LH With Aggressive Selling Suggests Trend Rolling Over

Short
FX:SPX500   Indice S&P 500
3
After rallying to the daily 20ema, the index sold off over 15pts in a jiffy, suggesting the bears were happy to sell on any rallies higher or excuse (i.e. potential war in Syria'na). Obviously a new war of sorts will not help indices, and the technicals are supporting the major trend rolling over, now treating the daily 20ema as resistance and forming LH's (lower highs). Any rallies back into the 1668-1679 zone are opportunities to sell, targeting 1630, and potentially a much larger move lower

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.