Balanced View of SPX 500

31 Oca 2019

I think this rally has surprised everybody, this outlook show a symmetrical balanced view of what could take place in the coming weeks, there is harmony amongst the madness perhaps! I am expecting a rejection around 2750 this is the 200 DMA moving average on the daily chart and correlates with a trendline resistance 'highlighted'....The trigger for the short could be NFP data tomorrow at 8.30ET/ 1.30pm GMT...I will then be looking for an inverted double bottom to balance the chart ...and then retest previous highs in the spring.......take care folks.......