TradingView
MattArmstrong
May 4, 2021 8:31 AM

S&P500 - Short Idea Short

S&P 500 index of US listed sharesFXCM

Description

Just listening to the candles on this one, price is struggling to make new highs, now several daily candles are confirming weakness, this is still insane QE, the wheels should fall off at some point.. see the setup take the setup. it's how this game works,

If you reflect to my OIL/WTI short last week
2 x trades posted here:
1st attempt - Loss -1%
2nd attempt - Win +1.8%
50/50 win rate and I made .8% on these two trades. Manage Risk, asymmetrical risk/reward and just keep taking high quality setups.

1% Risk and 2.5:1RR on this setup.

I am still holding onto the coveted title:
Founder of the Tag "CryptoBros" on Tradingview. Thank you.

Trade active

Damn, and we are off.

Trade active

That was close to my stop. but not hit.

Trade active

Careful, we may make some money here.

Trade closed: target reached

One can expect the printing machine to roar back to life,... one day it will not be able to correct the casino this has all become. That's the day to really worry.
Comments
Bill_Howell
Nice timing, Nostradamus!
MattArmstrong
@Bill_Howell, haha.. the ominous reference is not lost... hahah Thanks for the comment Bill!
More