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S&P 500 Index
Short

S&P 500 index short position

By Oceanforexx

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
Trend Analysis
Oceanforexx

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