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selling ceiling forming *possibly*
S&P 500 Index
Short
selling ceiling forming *possibly*
By _AU79888_
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Jul 11, 2016
6
Jul 11, 2016
price hasn't closed above the down trending inverted hammer
there is a morning star downtrend that bounced from support
the long uptrend has been broken.
if there is a daily reversal pattern, I'd wait for the next down trend to unfold.
then look for entries around the highs where the downtrend started.
at 3 touches to those highs, I'd look for reversals on 4hr and up.
Ty
s&p500short
_AU79888_
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