DFauvre

Short the S&P

Short
SP:SPX   S&P 500 Index
First, I use a proprietary system that is particularly good at identifying the trend and when it changes. Yes, I was short the S&P at leverage prior to the crash...In this chart, I'm looking at quarterly candles. The next close is on Tuesday and as there is not a chance in hell price is going to get back to into the green boxes by then, we will quarterly close below them. This means the trend is now bearish and DOWN. We may get a higher pullback, but this is a good place to go short IMO. Best of luck to everyone who trades. This is a time when you can either lose your shirt or make a lot! Happy swimming in the big surf!
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