Short

SP500: Still Bearish But Allowing For Some Upside

Updated

Comments on the chart. Summary: Still bearish but giving the market to move to the upside before the resumption if the downside

Note

Bearish idea playing out nicely

Note

SP500 is finding it difficult to gain traction to the upside. Being nimble is the name of the game

Note

Nice upside action. According to the 'be nimble' theme I actually profited from a buy for a move to the upside.

Note

The upside action might have ended at 3946. No one knows. However money has been made via this idea. While I am still bearish down to the 3600 level this is the last update for this idea. Hope you made money from the idea

Olu

Related publications

SP500 locked in a downtrend

by Olu

SP500: Gap Showed Up This Morning. Can Price Fill It?

by Olu

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.