jmfer1

US 500

Short
FX:SPX500   S&P 500 Index
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0
Sell Level We look to Sell at 2740

TP: 2600
SL: 2800

Technical Analysis:

A 5 wave bullish count has been completed at 2880
Price action has posted a bearish Hanging Man and is negative for short-term sentiment
Trades with a bearish descending triangle formation
A bullish reverse Head and Shoulders has formed
The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower

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