Potential short term bearish trade - Aggressive C sell entry for a bullish AB=CD pattern.
Price must remain below the 61.8 Fib level and the hourly 50 SMA line.
First target - 2065
Final target - 2058
The bearish setup is inside a broader daily bearish setup I mentioned in my Weekly Markets Analysis newsletters - Read more about $SPX and other trading ideas goo.gl/Jfnwob
Tomer, The MarketZone.net
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Price must remain below the 61.8 Fib level and the hourly 50 SMA line.
First target - 2065
Final target - 2058
The bearish setup is inside a broader daily bearish setup I mentioned in my Weekly Markets Analysis newsletters - Read more about $SPX and other trading ideas goo.gl/Jfnwob
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
Trade closed: stop reached:
Fast SMA held as support and $SPX rallied above X
Comment:
Above A