On the SPX daily chart, we can see that the instrument is in the bearish continuation triangle after the previous wedge break below the 2700 level. We need to see a valid close below the 2600 level for the triangle break and further downside extension.
Note: look near-term for the short trade entries with the SL above the 2700 level.
Forex managed accounts! Track verified managed accounts on MyFxbook!
FOREX MANAGED ACCOUNTS
Andrews Pitchfork trading analysis education!
Highly valued trader program!
JOIN NOW AND GET TRADE NAVIGATOR PLATFORM
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!