Trendhopper

Balanced View of SPX 500

Short
SP:SPX   S&P 500 Index
I think this rally has surprised everybody, this outlook show a symmetrical balanced view of what could take place in the coming weeks, there is harmony amongst the madness perhaps! I am expecting a rejection around 2750 this is the 200 DMA moving average on the daily chart and correlates with a trendline resistance 'highlighted'....The trigger for the short could be NFP data tomorrow at 8.30ET/ 1.30pm GMT...I will then be looking for an inverted double bottom to balance the chart ...and then retest previous highs in the spring.......take care folks.......
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.