SP500 Outlook

2 Jul 2015

My technical analysis is always about currencies, but SP500 is now bearish. I didn´t include Ichimoku to have a clean chart, but the technical picture is supported also by a Wolve Wave Pattern. I´m expecting 2040 area as first target and 1980 next.

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade