SPX Yearly resistance is acting like support . Still bullish.
Updated
Yearly resistance acting like a support right now as you can see on chart. And while SPX >2700-2800 there is no significant risks. And there is my stop loss.
I will consider bearish positions if we will see bearish price action in 2500-2700 region (pivot-r1) . Otherwise naked shorts here is not safe or smart. It's just bears trying to outsmart and frontrun the market , because somneone sold them the idea of economy collapse once again.
That all will depends on Fundamentals and sentiment , but Fear and greed already at Extreme Fear and i don't see any real bearish shifts in fundamentals so far. Only thoughts and rumors , no facts.
I will consider bearish positions if we will see bearish price action in 2500-2700 region (pivot-r1) . Otherwise naked shorts here is not safe or smart. It's just bears trying to outsmart and frontrun the market , because somneone sold them the idea of economy collapse once again.
That all will depends on Fundamentals and sentiment , but Fear and greed already at Extreme Fear and i don't see any real bearish shifts in fundamentals so far. Only thoughts and rumors , no facts.
Trade active
Keep BTFDNote
BTFDTrade active
BTFDTrade active
Hedge at 3000Trade active
That 3000 hedge turned out a in a pretty good hedge tbh.Trade active
Unhedged at 2855. spx back to Yearly r1
Monthly s2 - 2828
200ma daily 2850
Stop is tight.
Trade active
Hedge 30% here at @2940. Stop for full hedge above previos unhedge at 2865. This can be just a short squeeze before doom , but who knows.Trade active
Keep longingTrade active
Hedge if <2960Trade closed: target reached
Exit scam at 3000 , Amazon is about to go into abyss
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