SPX short (Stoch crossover with structural support)

ATR shows that the upward move beginning from 25 August and lasting until 3 November 2015 was without the needed enthusiasm and vigor. Notice how it has been getting into higher levels as the downsloping sideway formation is being actualized. Now the price tested the highs in the 1st upsloping warning zone and failed. Breaking out of the LWL1 is indicated further by the bearish crossover in Stoch.

Let the party begin!

Comment:

Move S/L to LWL1. Close the position at LWL2.

Trade closed: target reached:

T/P.