Short
Short the US500 for now
From the ATH, we can see from the candlestick pattern it has been a strong bearish momentum. A minor support level @ 3340.00 has been broken, confirming the downtrend and heading for the next support level slightly after the 23.6% Fibo level. This is a level to watch. There is still a chance it will reverse back from here but based on previous statistics, after an ATH it will drop at least 50% of its last climb. So 50% Fibo level is our target for now.
Let's keep the technical simple and easy for all to understand.
Like and Follow guys!
Let's keep the technical simple and easy for all to understand.
Like and Follow guys!
Note
Excellent call. Now we are in the zone.
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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.