S&P500 - Too good to short?
Many indication point to a near term short.
1. The blue Arrows measures the pullback swings. Currently we are exactly at the highs, where price usually turned south.
2. Price got rejected again right at the KillZone
3. The A/R Resistance converge with the current high.
4. The indicators MACD & RSI signal short.
So, what's a Trader to do here?
Could price move even higher? Sure, no doubt. These markets are highly manipulated and trading totally crazy.
But...we are Traders. We live on probabilities and good money management.
For me, this is a superb bet.
And how could we play this short?
Because of the volatility, I stopped to go in with the whole position in one spot.
What does that mean?
It means, that I enter such trades in 3 stages, using reverse pyramiding. It can be with the underlying it self, or with substitutes, like Options, or even a combination, depending on my risk and greed level.
So, why not just enter with a small position in the Micro-Futures, and pump the trade up on confirmation?
Bet small. You can always re-enter any market, as long as you have money in your account!
Stay well, trade well.
#pigsgetslaughtered
1. The blue Arrows measures the pullback swings. Currently we are exactly at the highs, where price usually turned south.
2. Price got rejected again right at the KillZone
3. The A/R Resistance converge with the current high.
4. The indicators MACD & RSI signal short.
So, what's a Trader to do here?
Could price move even higher? Sure, no doubt. These markets are highly manipulated and trading totally crazy.
But...we are Traders. We live on probabilities and good money management.
For me, this is a superb bet.
And how could we play this short?
Because of the volatility, I stopped to go in with the whole position in one spot.
What does that mean?
It means, that I enter such trades in 3 stages, using reverse pyramiding. It can be with the underlying it self, or with substitutes, like Options, or even a combination, depending on my risk and greed level.
So, why not just enter with a small position in the Micro-Futures, and pump the trade up on confirmation?
Bet small. You can always re-enter any market, as long as you have money in your account!
Stay well, trade well.
#pigsgetslaughtered
Comment:
OK, so far so good.
Price plays now below the resistance line.
Big selling volume and massiv selling form Hedge Funds too.
I smell stake & lobster.
#hungry4short
Price plays now below the resistance line.
Big selling volume and massiv selling form Hedge Funds too.
I smell stake & lobster.
#hungry4short
The turn happened right at the upper resistance line.
I smell some more shorting entries §8-)
#riskOn