TradingSutra

S&P500 : Bearish sequence

Short
TVC:SPX   S&P 500 Index
After the formation of ending diagonal there is sharp & Swift reversal. But the recent recovery is more likely a corrective sequence and therefore the prices should give one more downside move upto the level of 3636 at least which is the previous fourth.
Trade closed: stop reached

Manish Bhardwaj
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