Spxshort
HUGE SHORT SIGNAL FOR THE STOCK MARKETWe appear to be at the current resistance again
There are now 2 possibles which is going to happen:
1. We either break up and target 3019
2. We either break down and target 268.
I think possibility 2 is the most likely. I will be shorting 294 with a very tight stoploss at 295,2
The target is 268.
SPY and S&P-500 - time for speculative short?TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong.
Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area.
Again with such tight stop the failure rate is likely to be high, but potential reward is rather huge if succesful
SPX approaching support, potential for a bounce!
SPX is expected to drop to 1st support at 2826.5 where it could potentially react off and up to 1st resistance at 2936.2.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.