The S&P500 index is at the stage of the Wedge pattern and the beginning of its execution .... I hold the shorts. I suppose that market participants will start shifting from overbought Big Tech to oversold small caps.
Trade closed manually:
The formation of such a pattern at the bottom indicates that it is no longer possible to short the index. I fix the rest of the position, they are still in positive territory. If this pattern works, and if the hypothetical Wedge is broken further - the growth targets for the index - 4700. And this is a very possible situation, since now every second one is trying to short, they will all be severely punished once again and carried forward with their feet
