#SPX
1.Overall bearish sentiment
2.Selling pressure can be seen on chart
3. Strong resistance at 4550/4600
4. Price currently at support 4400 (poc/50ma)
5. If support breaks, target 4200 (prior low/high volume area)
6. If resistance breaks, target ATH
Managing current short position at 4520. Decent profit taken, so we are managing purely profit. Hedged position opened at Thursday close to protect profit.
Price currently at 4400 and hourly chart shows intraday resistance at 4450. High open interest at both 4400 and 4450.
Possible retracement to test 4450. Bullish activity around this level and hedge remains open.
We are expecting bearishness so when weakness can be seen via confluence on WDH, another short position with tight sl can be opened(Free bet). Also to note possible intraday resistance on hourly at 200ma 4470 and trendline at 4500.
Release hedge on weakness shown below 4450, monitor confluence.
Fed speaks on Thursday...dovish or hawkish?
Tech not looking so good.. aapl reject 170...xlk also sickly
S5th below 50%...tech holding market up?
Not to be used as financial advice
2.Selling pressure can be seen on chart
3. Strong resistance at 4550/4600
4. Price currently at support 4400 (poc/50ma)
5. If support breaks, target 4200 (prior low/high volume area)
6. If resistance breaks, target ATH
Managing current short position at 4520. Decent profit taken, so we are managing purely profit. Hedged position opened at Thursday close to protect profit.
Price currently at 4400 and hourly chart shows intraday resistance at 4450. High open interest at both 4400 and 4450.
Possible retracement to test 4450. Bullish activity around this level and hedge remains open.
We are expecting bearishness so when weakness can be seen via confluence on WDH, another short position with tight sl can be opened(Free bet). Also to note possible intraday resistance on hourly at 200ma 4470 and trendline at 4500.
Release hedge on weakness shown below 4450, monitor confluence.
Fed speaks on Thursday...dovish or hawkish?
Tech not looking so good.. aapl reject 170...xlk also sickly
S5th below 50%...tech holding market up?
Not to be used as financial advice
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