Short

BEAR short-term downtrend S&P500

Updated

Due to the fear spread by the media and all the uncertainty with the US -President impeachment, I expect in the short-term a downwards movement in the . All this added to the 1.43 Fibonacci level and the overbought RSI is enough for me to think about a short correction, before it continues to go up to at least the 1.68 Fibonacci extension.

Trade active

Note

As expected it is coming down nicely and I also think on Monday the markets are going to open a bit lower overall.

Trade closed: target reached

The trade worked like a charm. It opened lower on Monday and it reached our target. Nice week to everyone!

mrrosstrader

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