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S&P 500 Index
Short
Updated

SP500 Short the resistance retest. Decent R/R ratio. Daily chart

210
Shorting this second resistance touch on SP500.
Reasons:
  • Second touch on resistance
  • Bearish RSI
  • Dropping bullish volume
  • Decent R/R



Strategy:
R/R = 2.81 or 4.23
Entry: around 3010
Stop: 3054
Target 1: 2888
Target 2: 2819

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Trade safe friends!
Trade closed: target reached
Target reached. +2.81R
TheDinoChart
Also on:
indextradingsp500indexsp500shortS&P 500 (SPX500)StocksstocktradingSupply and DemandSupport and ResistancetradingTrend Analysis

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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.
indextradingsp500indexsp500shortS&P 500 (SPX500)StocksstocktradingSupply and DemandSupport and ResistancetradingTrend Analysis
TheDinoChart
Also on:

Related publications

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.