SPX is rejected from the strong upside resistance
SPX is rejected from 4350. It has formed a hanging man formation on the three days chart and is looking for a reversal lower to continue the downtrend and retest the important 3800 level. This is the level of the intersection of the newly formed uptrend line. Now only a break above 4350 could invalidate the downside continuation.
Note: look for the short trade entries with the stop loss above 4300
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
TRADE FOREX, INDICES AND COMMODITIES WITH FUNDED TRADER ACCOUNT!
