S&P 500 will not cross 50 day moving average Short

Description

⋅ Oct 8, 2015 3:56 PM

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: https://www.investarting.com/taking-another-go-at-sp-500/

https://www.investarting.com

Trade closed: stop reached

⋅ Nov 10, 2015 3:59 PM

It went through the 50 MA unfortunately

S&P 500 (SPX500)