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Wbrforecast

SHORTING $SPY (MARKETS ARE OVERBOUGHT?)Why I am bearish on the S&P 500? - WBR Forecast indicator is BEARISH - We are entering a key zone which we've struggled to breakout from for the past 5 months. - Jim Cramer is bearish (Usually not a good thing lol) #inversecramer My personal trade: Stop Loss / Take Profits: - Entry: $455.45 - Take Profit 1: $432.24 - Take Profit 2: $412.06 - Take Profit 3: $386.44 - Stop Loss: $464.89 The Plan: Scale 50% of position at Take Profit 1 (TP1) and move stop loss to TP1. Scale 50% of remaining position at Take Profit 2 (TP2) and move stop loss to TP2. Scale rest of position at Take Profit 3.
AMEX:SPYShort
by fluxchart
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