The S&P 500 is going to fall and we at theforexportal are calling a top.
Its now a question of when this market reverses not if.
Currently we sit at the top of one channel and the bottom of another.
With RSI overbought on all the higher time frames this looks a good opportunity to SHORT with a STOP above the recent high.
We are SHORT from 2344 with a STOP at 2352.
Should we be correct - expect this market to sink very rapidly once it starts moving.
Its now a question of when this market reverses not if.
Currently we sit at the top of one channel and the bottom of another.
With RSI overbought on all the higher time frames this looks a good opportunity to SHORT with a STOP above the recent high.
We are SHORT from 2344 with a STOP at 2352.
Should we be correct - expect this market to sink very rapidly once it starts moving.