Sid Thapar Blog | S&P 500 - BEARS TAKING CONTROL | Talkmarkets
Financial Planner
Contributor's Links: SidThapar.com

I'm a qualified Financial Planner (CFP) accredited by FPSB India.

I have total work experience of 14 years in Financial Industry. Worked with Broking firms/ Mutual Funds/Banks brands like Bajaj Capital / ICICI Prudential / JM Financial / HDFC Bank Ltd. Along with Financial ... more

S&P 500 - BEARS TAKING CONTROL

Date: Thursday, June 29, 2017 5:19 PM EST

S&P 500 Index after making a new high has now started showing some weakness. RSI 14 Negative Diversion is clearly seen on Daily Charts.

Price action at the top also suggesting that Bears are taking charge.

For Short term, I’m expecting that Price should retest the support zone of 2400-2360 levels. One can go short below 2430 with SL 2455

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