sumastardon

S&P 500 Short set-up from here

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FX:SPX500   Índice S&P 500
S&P 500 Index SPX500
The last short got stopped out at even - right idea, wrong
double top. Now it's fallen below the parallel that's been
guiding this impulse wave since summer lows...it's trying to
make a feeble counter-rally back to kiss the underside of the
lower parallel before it falls away again to 2566-2564 range
where it should make a rally attempt to form the right
shoulder of a head and shoulders pattern now forming here.
Sell from 2580 or as close to as possible with stop above 2583
for 3 point loss if wrong...once 2564 breaks after a first
bounce from there of up to 11 points back to 2573-2577 range
it should fall again at least back to 2564 and then when that
fails to 2541. Two short trades here worth following

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