SPX500 - Trading the daily cycle decline
Updated
This trade is based on my cycle count and the overbought indicators.
Earlier today we printed a swing on the daily chart.
On the hourly chart we are just back testing the 50 MA and it seems a good place to try a short position:
I will not set a stop loss : if I feel the trade is going against us I will post
a Trade closed manually message
My target is the 200 SMA at 2900.
Earlier today we printed a swing on the daily chart.
On the hourly chart we are just back testing the 50 MA and it seems a good place to try a short position:
I will not set a stop loss : if I feel the trade is going against us I will post
a Trade closed manually message
My target is the 200 SMA at 2900.
Note
Note
In a blink of a moment the position is in profit.It's always hard to steal money from the bull in a bull market.
Note
Trade closed manually
Note
The bitch tagged the 200 SMA finally.Note
*beast
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