SPX Down day?

٣ ديسمبر ٢٠١٩My SPX chart from yesterday is playing out to perfection. This is an updated and cleaned up chart following up on that idea. Its looking like we should have a down open today. Take profits on my short target illustrated on the chart. A break of the yellow Geometric line would confirm an uptrend and stop losses should be placed appropriately. I didn't want to clutter the chart, but if you are looking for smaller stop losses, place a FIB speed fan from Wave 0 to 4 and that will give you nice stop loss points (especially the 50% angle).

Happy Trading


SPX