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S&P 500 Index
Short

Channel trade idea: break of 2901 -> 2775.

By Petrichor_
On this 4 hour chart, we can see that if we break 2901, we can see that we'll be headed back down to the bottom of the channel. This line is at 2775. Also, the MACD is turning over.

Stop loss: 2910
Take profits around 2790.
Bearish PatternsChart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) spyshortswingtradeTrend Analysis

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