So I drawed out evidences to short the standard poors as you can see the overal trend is bearisch on the 5 hour chart I do expect price to retrace to the 5.0 level multipal retracement drawings shows us that's the sweet spot
shorting now is a little risky since price can bounce back up on diagonal support but it gives us the best risk to reward
Notice the little divergence on the chart that also indicates weakness
shorting now is a little risky since price can bounce back up on diagonal support but it gives us the best risk to reward
Notice the little divergence on the chart that also indicates weakness
Comment:
Time shows a possible revarsal on the small upmove on 3
Trade closed: stop reached