S&P 500 IndexShort
SPX500 update
Updated
The sell off, or correction has begun.
Now we are at an interest area now where for the second weekly candle close is bearish. Now to some this is a healthy correction or to others the start of a bearish crash prone to a host of reason which we have explained before.
We are continuing to hold short positions - again the long term here is to hold to the low of March and beyond [if price shows us a structure to add positions along the way down.
The window of opportunity to sell is between August - November - think of the fundamentals attached - that and a newly tested area below to retest.
We must note - in order to be successful here
patience is key
Risk management on the trade is pivotal and once enough in profit - put stop loss to breakeven.
Please see related the ideas for our longterm outlook:
We hope you enjoy our content:
Please leave your thoughts and analysis to why you agree or not.
To our followers, many thanks for the support.
Team Lupa.
Now we are at an interest area now where for the second weekly candle close is bearish. Now to some this is a healthy correction or to others the start of a bearish crash prone to a host of reason which we have explained before.
We are continuing to hold short positions - again the long term here is to hold to the low of March and beyond [if price shows us a structure to add positions along the way down.
The window of opportunity to sell is between August - November - think of the fundamentals attached - that and a newly tested area below to retest.
We must note - in order to be successful here
patience is key
Risk management on the trade is pivotal and once enough in profit - put stop loss to breakeven.
Please see related the ideas for our longterm outlook:
We hope you enjoy our content:
Please leave your thoughts and analysis to why you agree or not.
To our followers, many thanks for the support.
Team Lupa.
Trade active
Note
second trade active - our zone where we showed our sell hit and we entered manually.
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