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FX_Professor
Oct 11, 2023 4:46 PM

S&P 500 - Time to Go Short 📉🔥 Short

E-mini S&P 500 FuturesCME

Description

Why am i speculating Against the Market at this moment:

Tomorrow's Inflation (CPI) is expected to soar, thanks to the recent Oil price surge. This is a red flag 🚩

Ongoing tensions in the Middle East are adding fuel to the fire, causing market jitters globally 🌍

While rate hikes may be on hold, there's no sign of rate cuts either. Not a good look 👀

Let's Talk Numbers 📊:

Resistance stands strong at 4420 🛑
First target is 4327 🎯
Second target is 4210 🎯
Honestly, I'm not too keen on trading much these days. The world's current state, filled with conflict and loss, is affecting my mood. 😔

Why is there so much hate in 2023? It's disheartening. 🙏

Sending out prayers for peace, wisdom, and a better tomorrow for humanity. 🕊️

One Love,

The FXPROFESSOR 💙

Comment

Short here.. for many good reasons (Chart first at resistance, Gaza situation, all the rest that you already know like inflation, US debt, Chinese real eatste etc etc)... smells really bad to me atm
Comments
Solldy
The chart is pretty good, as is the idea in general. But the risks are quite high right now. I wonder what your risk-management strategy is for this trade?
LegionQ8
Do you use any technical indicators ?
FirstNameHelen
great job as always :) thank you
Gold-Tech
Good look at the market, I think the price will reach the target soon) Thank you)
linofx1
Nice one
DeGRAM
Well done mate
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