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gmarignier

S&P sell signal

Short
S&P 500 Index (SP:SPX)  
gmarignier  
SP:SPX   S&P 500 Index
Oscillators macddivergence
16
1
oscillator macddivergence
Bearish elements:
  • Weekly RSI crossing down its neutral zone
  • Weekly MACD negative
  • 2h RSI broke its bullish support
  • Bearish divergence on 2h MACD

An ideal trade would be from 2790 to 2720. However we have the monthly pivot in the way around 2776.

Proposed trade:
Direction: short
Entry: 2790
Target: 2640
Stop: 2870

Reward / Risk ratio: 2

The ratio is not great so be extra careful.
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