Kumowizard
Short

SP500 - "Bear in mind", some important new signals confirm SELL

FX:SPX500   S&P 500 index of US listed shares
138 5 0
Bulls try to do their best to protect 1840 key support! The low reading of Stochastic might help them, there is some chance we can see a correction from here towards 1860. If that happens I would defenately use is for exitting all remaining longs and build short positions further. New signals that are confirming the bearish reversal on 4 Hrs: Chikou Span dropped below the Kumo, Kijun dropped below the Kumo, Future Kumo is clearly bearsih and Senkou A started to point down. Strategy is same as before: Sell either the retest pulbback ard 1855-1860, or if not reached then sell the next cross down of Slow Stoch . or the break of 1840. On pop ups option strategy is to buy 1840 / 1790 Put spreads for May exp             . date. Initial Stop is 1876 for now.
Kumowizard PRO
2 years ago
So far the retest was done as expected. Let's see the bulls behaviour here. Anyway, what the hell has changed after this Ukraine referendum? Is anything better?
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Kumowizard PRO
2 years ago
Px action is getting bullish again. Please keep in mind a break above 1875 invalidates the short trade idea!
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What if 1876 is not breached? Suppose we stay short. And which is the target?
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Kumowizard PRO dimitris.karamaunas
2 years ago
If short is not stopped out, then initial tgt can be 1790. Normally I do not like to put on tgts, but to move trailing stops lower, after we reach some important levels during a trend. Thrn is a collapse happen, u will hv the position on still, as u do not place a pre determined limit order
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dimitris.karamaunas Kumowizard
2 years ago
ty, for the reply.
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