SP500 SELL ON STRENGTH !!!

Updated
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LATEST UPDATE ON SP500:

"Stay committed to your decisions, but stay flexible in your approach"

We hit our stop yesterday BUT we still stick to our decision of SHORTING SP500. Long term trend is still DOWN. SP500 is currently having hard time with the resistance near level 2500.

We are taking this opportunity to SHORT. Do set your CL tight as the market will be very VOLATILE these day.

Investors are now betting that US lawmakers will back a reported $2 trillion stimulus bill to combat economic fallout from the Covid-19 pandemic. BUT if they failed to secure the stimulus package, US market will be having another BIG fall down!!! The risk reward is GREAT!


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Happy Trading :)


DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
Trade closed: stop reached
makemoneyMultiple Time Frame Analysisshortsetupsp500indexsp500shortSupport and ResistanceTrend Lines

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