newbie83
Short

S&P 500 Potential Short Idea

FX:SPX500   S&P 500 index of US listed shares
293 4 11
S&P             looks like it's developing into a broadening top.
Also at major top area currently.
Seems to be having divergence too when looking at MACD direction.
Will short if there is a H4 bearish price action.
rodrickhan42
8 months ago
what does H4 bearish price action mean?
Reply
StockGod rodrickhan42
8 months ago
a reversal pattern like an evening star or an engulfing pattern. also, the more volatile the price action, the lower the leverage you should use until the "storm subsides" and the market has its mind made up
Reply
StockGod
8 months ago
personally, I wouldn't short until the top is made, then retested, then declined from, then after the spike to those very same highs has risen and price has sub sequentially fallen. lol
Reply
newbie83
8 months ago
That's right. it seems very bullish now. so may just take a small position if it even happen at all.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out