S&P 500 IndexShort
#SPX S&P500 Pure Price Action Chart Setup
US markets have rallied tremendously over the past month. We have increased steadily at a very fast rate, however we cannot go up this fast forever. 3 touches of the red ascending trendline confirms it as a support. Once price breaks trendline and bearish PA is confirmed, I will short heavily. US markets have been propped up after end of 2018 sell-off due to positive news of fed not hiking rates in 2019 and USA winning the trade war against China for about the 10th time (and hopefully the last as today China announced to buy billions in products to fix the trade imbalance) However I will short bearish PA and will be watching closely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.