S&P short entry found today
I took the S&P short entry today, this looks good to me.
There is an ascending wedge. The macro makes sense, with the markets repricing towards one cut. BTC sold off first, which usually happens.
Equity could keep going with the government spending, but I'm seeing more calls on risk off.
There is an ascending wedge. The macro makes sense, with the markets repricing towards one cut. BTC sold off first, which usually happens.
Equity could keep going with the government spending, but I'm seeing more calls on risk off.
Note
I might wait a bit, I have the trade in money, markets are closed now. Intraday seasonality forecast is to chop tomorrow and probably close expiring most of the calls worthless.Note
I'll look for a slow rise today in the day, and look for a short towards the end of day. Calls expire worthless if the market drops eod. It could still be a little bit to find a safe short to hold.
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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.