SPX500; Analysis The Long Term Outlook Pre News
Hey Traders,
After such an extreme rally, is there room for shorts?
We all know there is momentum in buying behind the SPX, but what is the short case?
Well. The thing is, nothing goes up forever without some fall, especially when you are looking at major indexes.
I cover it here.
After such an extreme rally, is there room for shorts?
We all know there is momentum in buying behind the SPX, but what is the short case?
Well. The thing is, nothing goes up forever without some fall, especially when you are looking at major indexes.
I cover it here.
Note
Looking short at previous highs.Note
Lock in some gains.Note
Re Short Bias.Note
Maintaining shorts at returned areas.Note
And further maintained on pending swing.Note
Re shorts.Note
Maintaining bias again, but note, lack of resistance above prev highs. Just be conservative with entries.Note
That means spreading entries, lowering size ^Note
Slight PA creeping into markets. Follow RM rules and await catalyst. No overleveraging.
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Free Discord Secret Server:
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Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.