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D_Market_Outlook

SNP500 Divergence SHORT OPPORTUNITY FINALLY?

Short
S&P 500 Index (FX:SPX500)  
D_Market_Outlook Updated   
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators snp500 snp500short US SPX 500 S&P 500 (SPX500)
5
0
trendanalysis chartpattern indicator snp500 snp500short spx500usd spx500
1. RR is good
2. EMA Cross over between 8 and 21
3. Divergence on the hourly chart
4. TDI is showing bearish momentum
5. Price action broke 50day EMA
6. Asian range was broken as well.
7. Double top at major resistance

** Do not really enjoy shorting stocks but this is a clear divergence set up. Good RR to take
Comment:
Cut position in half, if trade works out later than we can add it back in.
Comment:
make sure to close before FOMC Meeting.
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