SPX500 bearish scenario and potential trading plan
Taking in consideration the behaviour of SPX500 inside the demand level that was tested 2-3 times now, I can think to sell in the fresh supply level (drawn in the weekly chart) triggering a first trade, a small one, inside and near the proximal line.
The weakness of the already tested demand can suggest that it could be taken out in the next retest.
I marked several potential entry points for sell trades. but my focus for now in on the lowest entry.
In this trading Idea I have drawn the nested supply levels for the weekly, daily and 4h charts, just to get a better precision for the potential entries and have a better trading plan.
Anyway, I have already set my sell order on SPX500, the purple line in the chart.
What do you think about this Index Future?
Thank you
Girolamo Aloe
The weakness of the already tested demand can suggest that it could be taken out in the next retest.
I marked several potential entry points for sell trades. but my focus for now in on the lowest entry.
In this trading Idea I have drawn the nested supply levels for the weekly, daily and 4h charts, just to get a better precision for the potential entries and have a better trading plan.
Anyway, I have already set my sell order on SPX500, the purple line in the chart.
What do you think about this Index Future?
Thank you
Girolamo Aloe
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