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Short
Updated

S&P500 - Pt.3 Capricious index

61
In our first post we explained how we believe the sp500 index will complete the bearish wolf wave at 3600, either completing a wave B of an ABC to the upside correcting the whole 2022 downtrend or in a wave 3 of (C) to make a lower low. We were stopped out from the first trade losing 1% of equity, so according to our trading rules we can only risk up to 0.5% in the short trade we are going to place around 4000. The invalidation level is the previous high of 4136.8.
Note
Order placed: 3995
Trade active
stop loss on entry
Trade active
Second Order filled at 61.8
Trade active
Stop loss on entry
GMR-Capital
Chart Patternssp500indexSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysisus500Wave Analysis

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.
Chart Patternssp500indexSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysisus500Wave Analysis
GMR-Capital

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.