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SP500 - Short Opportunity

Short
FOREXCOM:SPXUSD   US SP 500 CFD
There is an opportunity to short the SP 500 on bounce off the descending channel support line turned resistance.

- Short entries may be initiated now at the peak of the recent pullback from 2726.00 around the 2770 region.
- Stop Losses should be above the swing high of corrective 2772.6 (Red Horizontal)
- Target Point A: 2726.9 (Green Horizontal)

All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (Yellow)

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