Turning Down
Our Pivot: 4,035
Our Preference: Start short selling S&P-500 4,020 with strict stop loss of 4,35 and profit target at 3,995 with extension towards 3,984.
Alternate Scenario: Upward penetration of 4,035 will call for 4,085.
NOTE: S&P-500 is moving inside an ascending wedge and bearish breakout of this wedge would start a new bearish rally.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.