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Berger: Shorting the S&P 500 after a dovish Fed

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Serge Berger is looking to short the S&P 500 which saw a very bearish reversal in the wake of the US Federal Reserve’s decision to keep rates unchanged.

According to Berger, the Fed’s decision won’t be positive for stocks. He says the S&P 500 saw a fake breakout after Thursday's decision before reversing lower together with other indices. Berger sets out his trade for the index and is looking to sell around 1960-1970 with a target at 1880 and a stop loss at 2000.