S&P 500 IndexShort
After the opening optimizm hour will be crucial
Updated
In the Head and Shoulders related idea I visualized my trading so I am not an independent analyst at the moment.
A rising correction is ongoing at the moment in a Zigzag pattern. I would like to see it will get stuck around the .382 Fibonacci level and the next round will be down. Trading above 3140 will weaken but not eliminate my forecast. So today's opening gap(in the real S&P500) will be observed and crucial.
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
A rising correction is ongoing at the moment in a Zigzag pattern. I would like to see it will get stuck around the .382 Fibonacci level and the next round will be down. Trading above 3140 will weaken but not eliminate my forecast. So today's opening gap(in the real S&P500) will be observed and crucial.
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trade closed: target reached
The Friday last rising indicated me to close my short position, because of starting a correction Zigzag like on the picture. The correction target around .618 Fibonacci level.If it trades below 2985 then the next objective 2900
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