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Short entry after NFP

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NFP could give us a bounce to enter a short position for a flash correction into early next week. Either way I will be looking to short Friday and anticipate the bottom by August 6 which is the same as my canceled entry from last week. After that bottom is confirmed, I will post long opportunities when they make sense. But the long entry could be as soon as mid-day on the 6th.

Note: a Trump tweet could change everything!
Trade active
Holding short - Did not get the bounce as NFP was good but the market found reasons to hate it in its bearish mood. I would expect to to start looking scary Monday into Tuesday with some panic added to the sale side. We cover then and consider a long.
Trade closed: target reached
In the zone!
Herbicat
Chart PatternsESTechnical Indicatorssp500indexsp500shortSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY)

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Chart PatternsESTechnical Indicatorssp500indexsp500shortSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY)
Herbicat

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.