S&P 500 IndexShort
Short signal generated S&P
My system of trading just printed a sell signal for the S&P. Bearish engulfing candle on the 6 hour, Period 20 CCI pushed below 70 from above, period 5 hit below -130 signifying strong downward pressure.
Not shown here, but a fib retracement drawn on the most recent move down on the weekly has the golden ratio(1.618) at around 3000 for a target. With FOMC tomorrow expecting 75bps hike, we could possibly see a sell off. Stops just above the recent high.
Not shown here, but a fib retracement drawn on the most recent move down on the weekly has the golden ratio(1.618) at around 3000 for a target. With FOMC tomorrow expecting 75bps hike, we could possibly see a sell off. Stops just above the recent high.
Don't force a trade. Wait for your setup, be patient. Trade ideas are my own and not financial advice, I'm a monkey with a phone for crying out loud.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Don't force a trade. Wait for your setup, be patient. Trade ideas are my own and not financial advice, I'm a monkey with a phone for crying out loud.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.