SPY 31/10/2022 Short
Asset and Time frame - SPY, Daily
Entry Price - 386.92
Exit(Stop Loss) -398.53
Exit(Take Profit) - 351.88
Technical Analysis - Price action reached a resistance horizontal trend line, a daily 100MA, and the confirmed top of a down-trending tunnel, the trend is still bearish at the moment, so in order for the price action to break, we need something meaningful to happen on a macro level for the price to break those levels, which I dont see coming.
its always good to reduce risk in a short position, so a 0.75% position has been opened instead of the traditional 1%.
Wishing us the best of luck!
Entry Price - 386.92
Exit(Stop Loss) -398.53
Exit(Take Profit) - 351.88
Technical Analysis - Price action reached a resistance horizontal trend line, a daily 100MA, and the confirmed top of a down-trending tunnel, the trend is still bearish at the moment, so in order for the price action to break, we need something meaningful to happen on a macro level for the price to break those levels, which I dont see coming.
its always good to reduce risk in a short position, so a 0.75% position has been opened instead of the traditional 1%.
Wishing us the best of luck!
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.
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.