SPX500 SHORT IDEA (similar of audusd)

FX:SPX500   S&P 500 Index
4324 19 113
SPX500             SHORT IDEA

THE 2182.9 is the previous high
and last night, buyers trying to break it
but in the end they fail.

It's very similar to the AUDUSD             's movement
which forms a pin bar yesterday.

So we can short SPX500             based on this fake-breakout
SL above yesterday high
Target look for the support level .
Didnt stopped out
and now we have very nice profit
To lean Jack's Full Trading System:
Weechat ID: 32114564
Agree. Looking at a medium dive within a week. Reasoning: cycle, a super extended harmonic, broadening wedge at top, significant low volume. VXX already show unusual buying at low yesterday, market is expecting a dive.
Hibernation end ???
Still chance go down? I took sell and big DD float so far.. :)
It is tough shorting this market. There are no clear signs that the market goes down. I would wait till it is more visible and then act on it.
vicky13 patmania
yeah its true i lost 400$ on audusd pair looked this strategy
patmania vicky13
imo you cannot compare 1-1 the SP with AUD/USD. If your looking for a short on S&P an opportunity might come later this week when we go a bit more down. Last week we could have a hanging man on the weekly chart. For a downtrend it should be confirmed with a red candle this week.
vicky13 patmania
yeah u r right .....
patmania vicky13
a new high. RSI is on multiple timeframes on OB territory. There should be some pressure now the following hours.
patmania patmania
Looks good now. Double top. Let's see if it we can get a nice red weekly candle to confirm the hanging man
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