Kaustubh

SPX Correction

Short
FX:SPX500   S&P 500 Index
Expecting SPX to correct to 1950. It sits nicely at 38.2 retracement.
A slightly hawkish Fed and a off hand statement or two should do the job.
If this pans out, I would also expect similar downward move in oil with USOIL going to 33.5 levels.

Related Ideas

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.