Here is my thought on the S&P500 short. I see the pivot on the 4 hour chart and price action has had a nice run up. If price aggressively breaks and closes above the 71.8% Fib I will most likely leave it alone and look for longs later or double top formations etc. always be adaptive...we have no other choice. I am not in the trade currently but would take a serious look if I get a confirmation setup. Keeping my eyes open today, also wondering how #Brexit will effect this if at all? 1% Risk 2:1RR - Happy Trading!
Note
I never took this trade as outlined, I have however scalped the S&P500 up and down. Lets see what its current situation is, settling into serious resistance. There will be a lot of eyes on this puppy at this $2800 levelOrder cancelled
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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.