SP500 1D SHORT - downtrend channel testing fib supports

4 May 2016

test of support @2040 which is also 23% fib retracement then test of main support @2000 where the 38% fib retirement passes. if support @2000 does not hold the recent rally may fade

12 May 2016

Not

the reaction on the 23% fib level is now testing the resistance at 2079. if resistance holds the continuation pattern leads to 38% fib level at 2000

13 May 2016

Not

the trend downwards continues leading to test again support @2040

17 May 2016

Not

the trade is confirmed

MAIN: SELL@2075 TARGET@2000 STOP LOSS@2085
ALTERNATIVE: BUY@2041 TARGET@2100 STOP LOSS@2031

19 May 2016

Not

the trade is confirmed

MAIN: SELL@2075 TARGET@2000 STOP LOSS@2085

ALTERNATIVE: BUY@2014 TARGET@2100 STOP LOSS@2031

25 May 2016

İşlem kapandı: durdurma seviyesi

breakout of downtrend.