Short/medium term Bearish thesis

September 28th Resistance/support will intersect and we will see downwards movement into new territory.


The risk vs reward for shorting is much greater than going long at the moment.

  • Short term Bearish/neutral
  • Medium term Bearish
  • Long term Bullish



I believe we are setting up another Jan 2018 OR OCT 2018.

https://www.tradingview.com/x/t1fa2dEO/


Red arrows indicating heavy resistance

*
* Red Arrows resistance
* Blue diagnal line - current downwards trend
* White line- Major resistance
* Red line - resistance
* Orange line - weaker resistance
* Green line - March - september bullish trend.


Green line intersects with white line on a catalyst day (fed speaking).

We are now in a trend reversal, but need to keep an eye on these levels.

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