DOWJONES:
Simple and beautiful setup. Sell on 20.750 big and important resistance.
Stop above 20.870 high. Target 20.000
Beautiful shortterm top formation.
2nd lower high formed yesterday, and now the watershed fall is coming.
S&P500:
Looking for a move towards 2365/2370 Stop above 2378.
Target 2300 and 2280.
Nasdaq100:
Not so beautiful, but nontheless a solid sell trade setting up.
Looking for a sell around 5450 Stop above 5480 and target 5300
The rationale behind this trades are the FED Minutes, they clearly stated several bearish points regarding the stock market. I think they initiated with their talks a shortterm correction.
Any moves higher on the Trump-Xi meeting should be used to sell.
Blessings
Simple and beautiful setup. Sell on 20.750 big and important resistance.
Stop above 20.870 high. Target 20.000
Beautiful shortterm top formation.
2nd lower high formed yesterday, and now the watershed fall is coming.
Looking for a move towards 2365/2370 Stop above 2378.
Target 2300 and 2280.
Nasdaq100:
Not so beautiful, but nontheless a solid sell trade setting up.
Looking for a sell around 5450 Stop above 5480 and target 5300
The rationale behind this trades are the FED Minutes, they clearly stated several bearish points regarding the stock market. I think they initiated with their talks a shortterm correction.
Any moves higher on the Trump-Xi meeting should be used to sell.
Blessings
Trade active:
I entered with similar numbers mentioned above.
Good luck
Good luck
Comment:
Moving stops to breakeven and letting it run.
