S&P 500 IndexShort
S&P 500 index short position
I think the index has reached a significant resistance level, where I expect a potential reversal. The recent upward momentum appears to be losing steam, and this resistance zone could prompt a pullback. Based on this analysis, I’m anticipating a bearish move, targeting a drop to lower levels. My risk is managed with a tight stop-loss just above the entry, aiming for a favorable risk-reward ratio on this trade.
my aim will be
entry at : 575205
stop loss : 575504
TP : 569815
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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.