Woerle

.... allow an up-reversal once more for your short entry trade..

Kort
SP:SPX   S&P 500 Index
Traders have been hit on the wrong foot with the unexpected deeper technical correction and the general mood is changing therefore. Currently, indicators are showing over-sold conditions and we should allow price to reverse to the upside technically from a level of approx. 4330. Nevertheless, cyclically, we enter a cycle trough into end September/mid October.
Putting things together and also considering my other posting "Direction clearification on interest rates" on TMF, we can hope for a better entry point into a short trade from 4460.
Until then a bull-put spread is possible as short term trade in a paper account.
Anyway, my above views are not trade recommendations to anyone reading it......
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