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Indice S&P 500
Short

BEAR short-term downtrend S&P500

Di mrrosstrader
Aggiornato
SPX

Due to the fear spread by the media and all the uncertainty with the US -President impeachment, I expect in the short-term a downwards movement in the SPX. All this added to the 1.43 Fibonacci level and the overbought RSI is enough for me to think about a short correction, before it continues to go up to at least the 1.68 Fibonacci extension.
Trade attivo
Nota
As expected it is coming down nicely and I also think on Monday the markets are going to open a bit lower overall.
Trade chiuso: obiettivo raggiunto
The trade worked like a charm. It opened lower on Monday and it reached our target. Nice week to everyone!
Technical IndicatorsshortS&P 500 (SPX500)Stocks
mrrosstrader
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