Short

Short SPX500 at 2067, Stop at 2109, Target at 1994

Updated

SPX500 is overextended to the upside, has recently tested important resistance levels and receded. We are entering the less favorable time of the year in the market and it is set for a correction.

Trade closed manually

I believe SPX has more downside to go.
But after having made a breakdown and failed, prices may be starting a more substancial correction to the upside.
So I will liquidate position today at 2055 with gain of 0.60% and look to short again at higher prices.

carlosmello

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