SPX - Bearish Div Forming. Potential short position developing

Jul 27, 2018

Per xSilas Godmode - we've got a bearish divergence forming (red lines). The current price is sitting at a resistance trend line (white line) and just above the .886 fib line - 2834.09. Wait for a drop below the .886 line and would put entry to short position a bit below there (I arbitrarily chose 2830) to avoid any false breakout and put bottom of Take Profit at the .618 fib line - 2742.92.