FibnFork

SPX short median line

Short
FX:SPX500   S&P 500 Index
Confluence of resistance here:
  • Median line in pitchfork
  • 50% retrace of december decline
  • 38.2% retrace of longer term october-december decline
  • Previous pivots in price(19th dec, 10th dec

Stop just 2600 which was another strong pivot area, target ~2487 which would be 38.2% retrace and pivot back in 2017
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.