SPX 500, Daily
Short
Updated

A short on S&P at 5770

174
S&P has been moving up quick strongly over the past few days. It has reached a level that is a strong resistance and we will show this pair today.

1) There is deep crab pattern
2) H1 is overbought
3) There is RSI divergence on M15, M30 and H1

We will take profit when RSI is oversold.
Trade active
Really great trade. We have closed 2% of the trade and waiting for a fall. Markets look like it is consolidated so we may close the other half soon.
Note
Totally awesome trade. It has fallen 220 pips from the high which is a 1:5 reward.

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.