SP500 Short trading opportunity(swing-trading) 1
Updated
I expect a swing of about 70 points+- all the way down to 5200
The USA Federal Reserve has indicated that it won't be cutting interest rates anytime soon, I think this was a bit unexpected and not entirely priced in before so we should see some decline of the value of the SP500 Index.
However I can assume only short term, don't know the longer term implications of this that is why I am only aiming for a small downtrend at the very least.
Stop Loss 5295+- (or 5305+-), take profit is 5200+-.
I am risking $27500+- dollars in a Short Position, I will lose $100+- if it hits the stop loss and make around $465 if it hits my take profit.
The USA Federal Reserve has indicated that it won't be cutting interest rates anytime soon, I think this was a bit unexpected and not entirely priced in before so we should see some decline of the value of the SP500 Index.
However I can assume only short term, don't know the longer term implications of this that is why I am only aiming for a small downtrend at the very least.
Stop Loss 5295+- (or 5305+-), take profit is 5200+-.
I am risking $27500+- dollars in a Short Position, I will lose $100+- if it hits the stop loss and make around $465 if it hits my take profit.
Trade closed manually
Closed position, opened one sometime ago in opposite direction
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