S&P 500: None of dem kicks go boom
Updated
None of dem trend lines fill the room. None of dem kicks go boom.
None of these stocks can dance. Not a single one of dem stand a chance.
All of dem divergences are a mess. I've seen it all before, I'm not impressed.
I'm hedging my long from 2580 with a short in this price area, because too many stocks are at a risk of a trend change.
Short entry: 2694
Target: 2509
Stop loss: 2768
Risk/Reward: 2.5
None of these stocks can dance. Not a single one of dem stand a chance.
All of dem divergences are a mess. I've seen it all before, I'm not impressed.
I'm hedging my long from 2580 with a short in this price area, because too many stocks are at a risk of a trend change.
Short entry: 2694
Target: 2509
Stop loss: 2768
Risk/Reward: 2.5
Trade active
The market opened much stronger yesterday than I had anticipated. I went short today at the open at 2712.5 after watching how the first minutes were traded. The intra-day high today so far after the open was 2715.53.
Trade closed manually
I closed the short hedge from 2712.50 today at 2710I kept the short open for so long, because it was a hedge for my long from 2580, which remains open.
Related publications
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.