Gen[X] TradeView - S&P 500 Short

S&P 500SP

Description

⋅ Feb 7, 2019 4:38 AM

I stand corrected on my previous view on the S&P 500 being in the Elliott Wave downturn correction. However, looking at the fundamental and technical side of the S&P 500, I am still seeing a downward correction.

Check out our Gen[X] TradeView - S&P 500 Analysis
youtube.com/watch?v=HZAbY9rtZvI&t=113s

Let me know what you think! I truly believe I can learn and grow from the constructive criticism.

Happy Trading!

Andy

Comment

⋅ Feb 8, 2019 2:30 AM

GenXInvesting opened short option was for SPY with April 18th expiration date.

Comments

gvoommen

⋅ Feb 7, 2019 7:17 AM

I don't think the above level (2532) will hold when it tanks.

genxinvesting

⋅ Feb 8, 2019 2:31 AM

@gvoommen, I agree with you. If S&P 500 has the momentum to go towards 2532. It will most likely break that level. However, with current trade setup we are seeing 2532 as attractive take profit position.