Short
S&P 500
S&P 500 making LH's on 1H chart. So following 2 scenario may be possible
1. Short from current level @ 4240, which is 38% fib level and bearish trend line resistance also.
2. Short from daily level and 50% fib level @ 4280.
Sl will be around 4325 and tp @ 4175
1. Short from current level @ 4240, which is 38% fib level and bearish trend line resistance also.
2. Short from daily level and 50% fib level @ 4280.
Sl will be around 4325 and tp @ 4175
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.