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S&P 500 Index
Short
Updated

$SPX comparison to Feb 18 and Dec 18 crashes

387
It is often difficult to closely monitor crash recoveries, as intraday data is often not available. Fortunately OANDA keep over 2 years of hourly data, so I have been able to overlay the ES futures (23h a day) price/action from the Feb 2018 crash and the final part of that in December 2018, both of similar percentages. There is a good match to both at the moment, but I think the Feb 18 one is a bit closer. Anyway, this chart will pan out for definite shortly.

Trade
SELL 3089 MARKET
SL 3150
TP 2885
RR 3.95

Note
Market now 2935, so 154 pts (5%) up.
Trade closed: target reached
Trade closed, successful, but prediction did not envisage the drop to 2700
adatherton
David Atherton
Also on:
Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortTrend Analysis
adatherton
David Atherton
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.