S&P short entry found today
I took the S&P short entry today, this looks good to me.
There is an ascending wedge. The macro makes sense, with the markets repricing towards one cut. BTC sold off first, which usually happens.
Equity could keep going with the government spending, but I'm seeing more calls on risk off.
There is an ascending wedge. The macro makes sense, with the markets repricing towards one cut. BTC sold off first, which usually happens.
Equity could keep going with the government spending, but I'm seeing more calls on risk off.
Note
I might wait a bit, I have the trade in money, markets are closed now. Intraday seasonality forecast is to chop tomorrow and probably close expiring most of the calls worthless.Note
I'll look for a slow rise today in the day, and look for a short towards the end of day. Calls expire worthless if the market drops eod. It could still be a little bit to find a safe short to hold.
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.
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.