The Upward Channel is Pointing to a Fall in SPX Short

SP:SPX240

S&P 500SP

Opis

⋅ 26 cze 2018 02:28

The upward channel and the negative sentiment is pointing to a break lower. I'm targeting a move to support at 2600.

Parallel Channel SPX (S&P 500 Index)

Komentarze

BAB75

⋅ 27 cze 2018 21:41

Great post... do you have time frame as to when you think it can make it to 2600?

FXLeaders

⋅ 28 cze 2018 07:52

@BAB75, Thanks, looks like 2700 double bottom is giving hard time to sellers. SPX has nice chances to go for 2600 on violation of 2700.

BAB75

⋅ 28 cze 2018 07:56

@FXLeaders, thanks so much for the response... many people believe the bottom will be the 200 day ma at around 2671... from your comments you feel confident it can breach that if 2700 goes?

hellreturn

⋅ 26 cze 2018 02:46

Seems like tomorrow's price action will decide the path.

FXLeaders

⋅ 28 cze 2018 08:17

@hellreturn, Trump supported the indices yesterday. Looks like 2700 is a nice support now.

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