SPX is starting to break down.
1. Momentum-bearish
2. Parabolic SAR-bearish
3. Larger time frame Moving averages (I don't have Trading view + so it doesn't show up on this chart) are still looking bullish so take note of that
4. Still in the upper half of the channel so definitely more space to fall.
5. Hope to see the gap fill so about 1% more or so to drop.
Here is where if you shorted spx, you might possibly take profit.
Fundamentals
Possible inflation is the catalyst to finally make this move happen.
Conclusion: If you are short in the s&p great job to you. Don't be scared to sell and wait the rest out to buy up with the market (Can't lose if you take a profit). I would especially be more cautious when the s&p approaches the lower trend line of the channel. Again I am personally short on the s&p so I may have bias but feel free to call out any risks I might not be aware of.
I don't make very many posts but I try to create high quality ones. If you appreciate them, consider following for more. Good luck out there!
1. Momentum-bearish
2. Parabolic SAR-bearish
3. Larger time frame Moving averages (I don't have Trading view + so it doesn't show up on this chart) are still looking bullish so take note of that
4. Still in the upper half of the channel so definitely more space to fall.
5. Hope to see the gap fill so about 1% more or so to drop.
Here is where if you shorted spx, you might possibly take profit.
Fundamentals
Possible inflation is the catalyst to finally make this move happen.
Conclusion: If you are short in the s&p great job to you. Don't be scared to sell and wait the rest out to buy up with the market (Can't lose if you take a profit). I would especially be more cautious when the s&p approaches the lower trend line of the channel. Again I am personally short on the s&p so I may have bias but feel free to call out any risks I might not be aware of.
I don't make very many posts but I try to create high quality ones. If you appreciate them, consider following for more. Good luck out there!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.