Updated
Short SPX plan
Hello everyone,
This is the plan for shorting SPX...I want to see a swing failed pattern before pulling any trigger. We might squeeze even higher at 4350 so i would be quite cautious at this point. The fed changed their tune so these things can tank, especially with a black swan like China reopening. If they reopen expect risk assets to rally very aggressive into year end. From a seasonality point of view SPX santa rally starts 21st Nov and "bottoms" in around mid december before ripping higher. We will take both trades(short confirmed by seasonality mid december) and long after. But we will see how it plays out. Careful managing risk during this volatility periods
This is the plan for shorting SPX...I want to see a swing failed pattern before pulling any trigger. We might squeeze even higher at 4350 so i would be quite cautious at this point. The fed changed their tune so these things can tank, especially with a black swan like China reopening. If they reopen expect risk assets to rally very aggressive into year end. From a seasonality point of view SPX santa rally starts 21st Nov and "bottoms" in around mid december before ripping higher. We will take both trades(short confirmed by seasonality mid december) and long after. But we will see how it plays out. Careful managing risk during this volatility periods
Trade active
Shorted... i was not sure of the trade but now i amTrade active
gonna take some profits here... Idk what will drive the markets from here on..SL moved at BETrade active
taking some extra profits here. Leaving rest to run. The fed smashed the markets lolNote
Still in the trade...waiting for further developments.Trade closed: stop reached
Stopped at BE...I think down we go till mid december
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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.