This is my simple technical view for the SP500 as of 9/30/15.
-Price is approaching a shorter term bearish trendline and if it cannot break it, we may simply continue downward toward the 1840 level.
-Some may believe we have retraced and see a double bottom forming. This will lead to a break of this short term bearish trendline and the range on the chart will become more relevant.
-In case of consolidation and ranging price action, I plan on shorting this index and equities in general at the top of the range. Unless we have a dramatic fundamental change in the macroeconomic situation, shorting at around 2000 would be ideal.
Goodluck fellow traders!
-Price is approaching a shorter term bearish trendline and if it cannot break it, we may simply continue downward toward the 1840 level.
-Some may believe we have retraced and see a double bottom forming. This will lead to a break of this short term bearish trendline and the range on the chart will become more relevant.
-In case of consolidation and ranging price action, I plan on shorting this index and equities in general at the top of the range. Unless we have a dramatic fundamental change in the macroeconomic situation, shorting at around 2000 would be ideal.
Goodluck fellow traders!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.