S&P 500 IndexShort
False breakout on SP500
Hi Traders,
We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.
Thanks!
Thiago Duarte
ThiagoTrader
thiago@duarteinvestmentgroup.com
We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.
Thanks!
Thiago Duarte
ThiagoTrader
thiago@duarteinvestmentgroup.com
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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.