S&P to 3.900

Actually a pretty simple and obvious setup. The short-term breakdown will lead to a head and shoulders breakdown in the higher timeframe. The fear of war in europe and the price-downtrend go hand in hand. Target is 3.900. I personally would not short but it's good to know to be careful. Long trade possibilities are mostly found in oil stocks, in my opinion.
Beyond Technical AnalysisElliott WaveHead and Shoulders

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