S&P has went up considerably the last days.
Now it touched the 50 day moving average which will cause it to fall back.
It could look like it is forming a triple top / H&S formation.
Furthermore it looks like the MACD is topping out a bit.
I shorted three positions in the Tradingview trading virtual account.
Opening: 1984
Limit: 1867
S/L: 2020
Read more at: www.investarting.com/taking-another-go-at-sp-500/
www.investarting.com
Now it touched the 50 day moving average which will cause it to fall back.
It could look like it is forming a triple top / H&S formation.
Furthermore it looks like the MACD is topping out a bit.
I shorted three positions in the Tradingview trading virtual account.
Opening: 1984
Limit: 1867
S/L: 2020
Read more at: www.investarting.com/taking-another-go-at-sp-500/
www.investarting.com
Trade closed: stop reached:
It went through the 50 MA unfortunately
