dionvuletich

S&P500 Daily Bearish Engulfing Candle

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
40 0 3
Not a great idea to sell right now ( IMO             ) could have a small pop higher and hopefully offer another shorting opportunity soon

Friday's bar was significant as the range fully engulfed 68x trading days - meaning any liquidity there is now gone in one session, all the buying to bring the S&P             up to the range top was undone almost instantly suggesting lower prices to find some significant bids

Looking bearish and I'm position short but not against trading the rally on a shorter timeframe and scaling into short again although the SPX             has a slightly different look to the futures right now

Watching the SPX             for a 4hr small bullish bar that is inside of the bollinger bands that may offer a low risk long trade to try and get back to the supply level overhead - aggressive but low risk/ high r:r

Iust my opinions, and it is a very high risk time to trade now with increased uncertainty - so do not trade my ideas!!

Trying to see both sides of the same coin
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