S&P 500 IndexShort
Finally Shorting the SP500 ?
Ok here it is after trying mulitple times to short the SP500I failed and decided to follow this and get an later entry when price reaches higher.
So here it is the SP500 forming a pretty strong wedge pattern with very little risk since the diagonal resistance couldn'g break above I don't expect it this time either so 2 SCENARIO'S 1: Price could break finally and become bearisch or it could bounce of the support and move back up in that case I move stops little bit below entry to cover commisions costs and get in back later until price does break
Stops are placed well above the diagonal resistance
Target at previous horizontal support
RSI indication of weakness in the bulls
So here it is the SP500 forming a pretty strong wedge pattern with very little risk since the diagonal resistance couldn'g break above I don't expect it this time either so 2 SCENARIO'S 1: Price could break finally and become bearisch or it could bounce of the support and move back up in that case I move stops little bit below entry to cover commisions costs and get in back later until price does break
Stops are placed well above the diagonal resistance
Target at previous horizontal support
RSI indication of weakness in the bulls
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