*Weekly Time Frame*
Setup can take 2 months to show.
Also the Daily Time Frame shows some bullish movement, when the daily time frame also turns bearish its time to short sp500 for 100-150 points, maybe more if the lower range breaks.
When the Daily Time Frame turns bearish I shall also update this idea.
A broke of the range followed by some small side ways trading was always followed by a drop down.
Now its showing the same setup again while also the Stoch Rsi looks bearish and Adx shows the bullish trend gets weaker.
This tells me that in about 2 months the SP500 will show a small correction of aroun 100 points and maybe more if it also breaks the lower range which has remained intact for over a year so far.
When the daily time frame also turns bearish its the perfect timing to short the SP500. I shall update this idea when that happend and also a shall publish a new idea based on the daily time frame.
Setup can take 2 months to show.
Also the Daily Time Frame shows some bullish movement, when the daily time frame also turns bearish its time to short sp500 for 100-150 points, maybe more if the lower range breaks.
When the Daily Time Frame turns bearish I shall also update this idea.
A broke of the range followed by some small side ways trading was always followed by a drop down.
Now its showing the same setup again while also the Stoch Rsi looks bearish and Adx shows the bullish trend gets weaker.
This tells me that in about 2 months the SP500 will show a small correction of aroun 100 points and maybe more if it also breaks the lower range which has remained intact for over a year so far.
When the daily time frame also turns bearish its the perfect timing to short the SP500. I shall update this idea when that happend and also a shall publish a new idea based on the daily time frame.
Trade active:
Daily Time Frame is at a resistance now. I am loading my 1st sell positions with a stoploss at 1410