nicklekkas38

Sp500 12 year Fibs

Short
OANDA:SPX500USD   S&P 500 Index
Market first serious ressistance since 2009 was at 2132 at 2/2015, it took us 1,5 year to break 2132.Look how nicely at 2865 and 1.5 fib market sold first time at 2018, and another bigger sell off later that year.Another ressistance was at 1.618 fib were market found ressistance for 4 months at 3038.When 1.618 broke we went parabolic to almost 3400 were the unexpected happened covid-19, market sold to near fib 1 and 2132 before some serious buying and continued its parabolic move before another beautiful serious selling at fib 2 and 3598.It took 2 months to break 3598 and here we are at 2021.We have another ressistance at 4158 which is 2.382 fib extension, taking into account the rsi monthly at 71,23 i believe we will sell hard there.If we break 2.38 fib we have above the 2.5 fib at 4331 the monthly rsi there will be higher and the odds for selling are 90%.Therefore short 4158 adding at 4331 exit sl at 4355.Good luck
Trade active:
4150 market showed ressistance , rsi 4h cooled, a short entered

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