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Berger: The levels to watch as I short the S&P500

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October 27, 2014 500, berger, buy, content, dax, equities, equities 2014, equities trading, equity markets, index, investing, levels, markets, news, oversold, s&p, s&p500, saxo tv, sell, selling equities, serge, serge berger, shares, shares prices, sold, spl, standard and poor, steady trader, trading, trading strategy, tradingfloor.com, tv, us equities, us shares, video
Trader, Serge Berger, is looking to short the S&P500 this Monday. He remarks that last week the index dropped around 3%, bringing its total sell-off from highs in September to more than 5%.  
Serge says from a momentum perspective, the S&P is over-sold. However, given the strength of selling last week, Serge could see the index drop lower, towards 1,890. 
So, Serge is shorting the S&P500 at 1,965.
He has a target of 1,900.
The stop-loss is placed at 1,990