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S&P 500 Index
Short

S&P Bearish Cypher (Short-Term)

By jjburrel
Updated
Recently, we've had lower highs and lower lows after a huge rally. Currently, we have a bearish cypher at completion for a short term set-up. Price action could likely rally through the X point; however, I'll be looking to short the SPY for a short term trade. If we break above 2390, I will shift back to a bullish mindset. As always, follow your rules, and trade with caution. Good luck!
Trade closed: stop reached
TP1 hit at 2350.

Exited second position right above 2365 level.
jjburrel

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