S&P 500 Falling trend line, Low Volume, Resistance Level- SHORT

16 août 2022

This idea is based on the fact the price has reached the longly waited top of the falling trend line and resistance level zone, also RSI sooo high plus low trading volume for weeks!! To me this looks like the rise was simply continuation of the market expectations but awaiting certain actions today/tomorrow and I wouldn't be surprised if the price goes down hitting the level of my t/p 1 and continuing the fall.

Remember this is just an idea not a trading advise, always protect your capital with a stop loss you can handle :)

24 août 2022

Note

at this level I closed 50% of my position and moved the s/l to the opening at 4290

1 sept. 2022

Trade fermée: cible de profit atteinte