Short

SP500 a short term outlook 🦐

Updated

SPX500USD on the 4h chart, after a few tests pf the weekly resistance is trading above a support area .
The bears seem to have the strength to close the trading week below the 4000 zone.

How can i approach this scenario?

I will wait for a potential break of the support structure and in that case, i will search for a nice short order according to Plancton's strategy rules.

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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.

Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

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sometimes we need to wait to see a move we expect

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a 2.2% profit since my free call

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dropping as expected for A 7% profit since our idea

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another 8.5% profit call

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after the 9% drop the market look for some retracement

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a 10% call

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the price might be looking for some ends week retracement

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perfect support area

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bounce over the support

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possible lower low

InkyGrip

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