SHORT THE BOUNCE - SP500
Updated
Hopefully everyone made some money on my last sp500 predictions. There may be another opportunity wed, thurs, fri.
It appears as though we may have an opportunity to short the bounce again going into today (wed).
I have done a forecast on the price. Lets see if this plays out, don't load up, stair step into the trade.
It appears as though we may have an opportunity to short the bounce again going into today (wed).
I have done a forecast on the price. Lets see if this plays out, don't load up, stair step into the trade.
Note
Are you ready? :)Note
This market is bouncing on low volume. That never lasts.Note
390-392 is the short zone.Note
Shorting now. Friday expNote
It could have another burst higher going into the close but I would rather be in the trade than not.Note
Target around 378-380Note
Taking partial profitNote
Closing trades fullyNote
I expect to break the lows at 380 tomorrow (fri) but happy with the profits for this week.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.