S&P 500 IndexShort
Feeling short on spx500
Price broke out of the uptrend between March- August. Price just fell out of the resistance zone and I don't see any new highs being created on the 1 hour or 30 min. I feel that price will continue to fall and at least test 50% of the previous low (see September 24th). I drew this up last Friday and entered just now and want to see if it will play out. Not sure how long I will hold but am hopeful for a downtrend soon if high isn't broken!
What do you think?
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New to trading and want to build and network with like minded individuals!
What do you think?
If you agree, like, follow, comment!
New to trading and want to build and network with like minded individuals!
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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.