S&P Short Idea. 4H/15Min.
Updated
Looking for weakness in the S&P to end the weak. It's been a rough week for me, but on a paper account I can afford to keep firing away and molding my strategy.
Fib levels: mostly just to have something to draw on the chart. I think most of us can tell without lines when price has retraced 50%, 75%, etc...
RSI: I'm still sussing out for if it is actually useful.
Stochastic: still sussing out. I do feel more confident when I see the crossovers, however, I know a lot of overconfident men... and women...
MACD: I was hoping it would show me some down momentum on the horizon, but it is actually showing me the opposite.
EMA: 200. slight downward tilt, giving me weakly bearish ideas. Great place to be short, but maybe this retrace has something behind it... that's the question we live and die on though, so... lets find out...
*Side Note: Making these workups is really helping my entry prices. Kind of like I'm getting paid to do them *insert laugh*. I'd love to be saying that in the near future.
Fib levels: mostly just to have something to draw on the chart. I think most of us can tell without lines when price has retraced 50%, 75%, etc...
RSI: I'm still sussing out for if it is actually useful.
Stochastic: still sussing out. I do feel more confident when I see the crossovers, however, I know a lot of overconfident men... and women...
MACD: I was hoping it would show me some down momentum on the horizon, but it is actually showing me the opposite.
EMA: 200. slight downward tilt, giving me weakly bearish ideas. Great place to be short, but maybe this retrace has something behind it... that's the question we live and die on though, so... lets find out...
*Side Note: Making these workups is really helping my entry prices. Kind of like I'm getting paid to do them *insert laugh*. I'd love to be saying that in the near future.
Note
This was such a terrible idea. You should be ashamed. But its ok.
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