Potential short setup SPX500
Waiting on the NYE-open, I want to see a liquidity grab, to then sell off.
High of the week should be formed by now.
I am cautiouss about this setup because the market is respecting the bullish order flow and there is a great chance that the market will continue it's bullish run. However, I will anticipate on which side of the order flow will be breached.
(UPDATE 15h34: discount area being breached: confirming more bearishness)
For the moment, sticking with my bearish setup, made in the beginning of the week.
TIP: As a confirmation: I am looking to form a divergence between the SPX and NAS. When formed, this gives me the signal to enter.
Extra confirmation:
(Premium area on the NAS100 is being respected: strong reaction of the 61.8% area.
High of the week should be formed by now.
I am cautiouss about this setup because the market is respecting the bullish order flow and there is a great chance that the market will continue it's bullish run. However, I will anticipate on which side of the order flow will be breached.
(UPDATE 15h34: discount area being breached: confirming more bearishness)
For the moment, sticking with my bearish setup, made in the beginning of the week.
TIP: As a confirmation: I am looking to form a divergence between the SPX and NAS. When formed, this gives me the signal to enter.
Extra confirmation:
(Premium area on the NAS100 is being respected: strong reaction of the 61.8% area.
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