SELL S&P (spot) -- adjust prices for futures accordingly

SP:SPX   S&P 500 Index
129 9 2
I will share the technical rationale for this trade idea in detail later. Currently my fundamental perspective is as below:

Fed kept rates constant yesterday with room open for one hike this year. nothing new or surprising here. S&P             witnessed some correction leading to this decision. I expect S&P             to selloff soon for a bigger correction. My trade idea is to sell the 2170/2180 zone with a stop at 2230 and target 1950, 1890 and finally 1850/60
I expected a huge selloff in markets this year, however before that I expected a very big rally. I cant say the big selloff has started. I just expect this selloff to be corrective in nature before the big rally resumes to new all time highs and then the selloff begins which will be quite vicious in nature and may wipe out around at-least 60% of the value of global stocks/maybe even 70/80%. That would be lifetime opportunity to buy. My view is based on both technical analysis and fundamentals plus the overall view that the marginal utility from any central bank stimuli has virtually reached zero
In case the above mentioned trade idea materializes, I will share my detailed technical analysis analysis for this trade.

Comment: The party has finally started after a longer than "expected" consolidation. Please sell the rallies :)
Trade closed manually: Closing all shorts at 2122 and moving stop to 2150. Will reevaluate next week
Anybody who has followed this idea should have already banked healthy profits. Protect them...anything is possible in markets..... we can be wrong anytime....thats what stop losses are for.

I would be selling again only on rallies to 2170plus. My zone still is 2170/2185.... stops for any sell in this area now would be 2100
The party has finally started after a longer than "expected" consolidation. Please sell the rallies :)
Taken profit on the short term position and also closed half of longer term, looking to reestablish shorts but now the target entry is above the recent highs as i got a feeling that stops above those might be taken before any move lower.
The zone held beautifully as expected and we are now trading around 2160. I expected it to test 2180-2182 and a slight feeling that we might retest this area before a move lower. Not betting a lot on it though, just trailing the stop actively on my short term position to avoid giving back any significant gains and reestablish the shorts if the top of the sell range is tested again.
The price is still trading in our sell range. I am sharing the way I am trading this. I am doubling my risk here and will be taking a short term position and a long term position. The target for short term position is around 2150 and stop is 2200. If this gets to my profit area then this will 'PAY" for my wider stop on my long term position
Initiating my 55% sell at 2178, order for 35% at 20180 and for remaining 10% at 2182.
AhmadFarhan AhmadFarhan
*2180 (not 20810... :)
The red lines represent the sell zone while the down-arrows represent the targets. Apologies for such a basic chart as I am not very well versed with tradingview charts and tools
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