SP500 Monthly Chart Short
Hi All
SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support.
All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of an up move (X9 pending orders) and take profit when falling 64 points, close only 70% and let the 30% run to take profit 1+2.
Or keep it simple and just do like the photo show.
Trade small size so you don't risk too much, this is my idea anyway.
SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support.
All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of an up move (X9 pending orders) and take profit when falling 64 points, close only 70% and let the 30% run to take profit 1+2.
Or keep it simple and just do like the photo show.
Trade small size so you don't risk too much, this is my idea anyway.
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