SP500 completed a double bullish cycle on the H4 chart and this could turn out to be a great short term sell opportunity for us. There is bearish divergence from the MACD MAs and a good up trend line which price has been respecting until now.
What we want to see is a breakout below the bullish trend line, wait for retrace and then sell.
Stop Loss – above 2185.00
Target 1 – 2170.00
Target 2 – 2144.00
What we want to see is a breakout below the bullish trend line, wait for retrace and then sell.
Stop Loss – above 2185.00
Target 1 – 2170.00
Target 2 – 2144.00
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