S&P500 (SPX): Shorting Key Level Short

S&P 500SP

Description

⋅ May 27, 2022 11:14 AM

S&P500 is trading in a bearish trend.
We decided to open a short position on the index today
when the market tested a strong horizontal resistance.

Our entry - 4070
Stop loss - 4113
Target - 3982

Good luck!

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Comments

UnitedSignals

⋅ May 27, 2022 11:14 AM

Will you short SPY?

TopTradingSignals

⋅ May 28, 2022 6:15 AM

This time went higher
thanks to FED

VasilyTrader

⋅ May 27, 2022 1:24 PM

I just shared a video with similar thoughts

SignalProvider

⋅ May 28, 2022 8:17 AM

Waiting for breakout too!

UnknownUnicorn15614419

⋅ May 28, 2022 10:53 AM

Thank you for your analysis. Great job!

EliteTradingSignals

⋅ May 28, 2022 8:45 AM

Top analysis, bro!

Solldy

⋅ May 27, 2022 5:10 PM

Such a scenario is possible and cannot be completely ignored, BUT recently the trades have changed a bit, so it's worth thinking about a plan in case of a change in the trend.

Michael_Winner

⋅ May 27, 2022 3:11 PM

Love this analysis! Thanks for sharing your SPX idea