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S&P 500 Index
Short

Taking a small short position

By MacMoov
Updated
I'm taking a small short position here on the S&P 500. I will add to this position if the market tries for a retest of the resistance line tomorrow.
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Pre market the ES tested the 50 day moving average. The market opened up right at my stop and started going back down from there. I went ahead and added to my short positions here.
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I'm going to continue my trade through the long weekend. This morning's gap needs to be filled and I suspect it will happen on Monday. I'm currently holding gains on my positions at the time of this post.
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It looks like everyone just closed their shorts right after I posted this update. The S&P just jump up 9 pts at 5 mins before close.
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ES futures opened and they are now currently testing the 2900 level. Tuesday morning should be interesting.
Trade closed: stop reached
Trend Analysis
MacMoov

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