SPX500USD
Attempt to reclaim trend from 2011 failed. A test of 2004 trend will occur in near term. A break below this trend would bring us way down but this would not be realized for a long time.
All shorts are in play. Direction is down, sell the rips , stops are currently above 2580.
All shorts are in play. Direction is down, sell the rips , stops are currently above 2580.
Note
Today's rip was exactly what you would expect from a topping market. Stay the course, short term down trend will become realized soon.
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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.