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riverfrontcapital
Oct 30, 2019 3:58 AM

S&P 500 Short 90 Index Points Short

E-mini S&P 500 FuturesCME

Description

Hello Traders,

A rising wedge can be seen in ES1! (S&P 500) and I believe that it needs to make a correction so a breakout to the downside is to be expected. There may be another upside move and for that reason, a 30-point stop loss was set along with a 90-point take profit just around an identified key level. Furthermore, this trade idea supports our XAUUSD (Gold) long trade which stop loss will be updated in a moment.

Cheers!

Riverfront Capital
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