auroraspot

Shorting SPX Against the Crowd Long Mentality

Short
OANDA:SPX500USD   Indice S&P 500
Shorting the major US stock index with Reward/Risk of 1.88. The trade is kind of unpopular recently, but I smell enthusiasm is reaching exuberated levels, a clear sign we are very close to a medium-term top. When there is nobody with gun powder to buy more we will enter a bearish spiral. Not sure how far it will go, but this target I set looks easily reachable in a month or two period.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.