Massive Resistance with SPX today. ADDED to short at 2840. Short

S&P 500SP

Description

⋅ Apr 24, 2020 5:03 AM

Recently shorted at 2850 at resistance and again today at 2840. The bearish rising wedge and the horizontal and diagonal resistance along with Bearish divergence of the MACD all suggest a resumption of the downtrend is imminent. Good luck to all.

Support and Resistance

Comments

JohanDXB

⋅ Apr 24, 2020 5:07 AM

Nice entry, done the same but my entry is at 2805.

eganon69

⋅ Apr 24, 2020 5:12 AM

@JohanDXB, Thank you for the comment. Good luck with trade.