Short

$ES1! - Short Idea

Updated

The wide range made it difficult for most to determine if we were bullish or bearish. Therefore, I am keeping this trade simple and plan to trade the reversion using the descending channel as my stop loss.
Stop - closed outside of the channel.
Target - bottom of the channel.

Note

Ideal targets to downside:

Note

There is a potential 2B pattern in the making.
Next week, I will watch the previous Thursday's low and 4180.

Below's Thursday's low - this may potentially reverse and retest 3800

Note

Still bearish and still shorting the S&P500.

TradeAlchemy

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