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S&P 500 could be set for a slide: O'Hare
First4trading.net's Steve O'Hare has made a technical analysis of the S&P 500. He sees several signs that a reversal could happen and wants to short S&P 500 in a medium-termed trade of 2-6 weeks. He expects to set shorts on an approach to an area of 2,082. Stop loss to be placed above the resistance 2,125 or a new swing high. Targets: 1,950, 1,865 and 1,800.
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02:07 minutes
Tags: equities, ohare, s&p 500, saxo tv, short, short-selling, shorting, sp500, sp500.i, steve ohare, steve ohare first 4 trading, trade idea, tradingfloor.com, tradingfloorcom