Short

S&P500 Short opportunity

Updated

After a good impulse down the S&P500 has been consolidating again making a bear flag. Waiting for a break of the consolidation to confirm the down movement to the previous low. Might take profit depending if it holds or not.

Note

The market has been extending further than I was thinking it would. Still hasn't changed my outlook, waiting for another drop.

snapshot

Note

The further it goes up, the more profit to be made on the way down :)

Note

Might still be in consolidation for another leg up. Will find out Monday.

snapshot

Note

Looks like it's making a bull flag here, expecting it to go up.

snapshot

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.