S&P 500 IndexShort
S&P500 Divergence (A Setup)
On weekly timeframe, bearish Divergence formed.
However trend is still very bullish.
Thus will be waiting for a close back into the channel to trigger short,
Or to draw a new channel on a 1 or 4Hr timeframe to short upon breaking of trendline.
Might take 4-5 months to playout
A grade setup as it is on a weekly timeframe.
Clear and concise divergence
However trend is still very bullish.
Thus will be waiting for a close back into the channel to trigger short,
Or to draw a new channel on a 1 or 4Hr timeframe to short upon breaking of trendline.
Might take 4-5 months to playout
A grade setup as it is on a weekly timeframe.
Clear and concise divergence
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