SP500 Sell Idea

SP500 completed a double bullish cycle on the H4 chart and this could turn out to be a great short term sell opportunity for us. There is bearish divergence from the MACD MAs and a good up trend line which price has been respecting until now.

What we want to see is a breakout below the bullish trend line, wait for retrace and then sell.

Stop Loss – above 2185.00

Target 1 – 2170.00

Target 2 – 2144.00