S&P 500 - 240 - IMPORTANT POINT - 2X GOOD SHORT ENTRY POINTS
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The market is at a very important price which has been a reversal point lately (Fibonacci 78.6% ). This price is a strong resistance now and could become a strong support if the market moves upwards.
Upwards, the market former uptrend will be the limit where an amazing short entry point could be expected with possible nice pullback down.
In the other side, downward, if the market breaks its horizontal ranging support with a nice candlestick, there is a high probability to see the market going down further with an interesting short entry point (targeting Fibonacci 23.6%).
Timing:
From middle of next week to middle of the week after. (Wednesday to Wednesday)
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The market is at a very important price which has been a reversal point lately (Fibonacci 78.6% ). This price is a strong resistance now and could become a strong support if the market moves upwards.
Upwards, the market former uptrend will be the limit where an amazing short entry point could be expected with possible nice pullback down.
In the other side, downward, if the market breaks its horizontal ranging support with a nice candlestick, there is a high probability to see the market going down further with an interesting short entry point (targeting Fibonacci 23.6%).
Timing:
From middle of next week to middle of the week after. (Wednesday to Wednesday)
