Johnny_Yu
Short

S&P DAILY V-PATTERN COMPLETED,PENDING DOWN

FX:SPX500   S&P 500 Index
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REASONS TO SHORT:
1.THE BIG DAILY CHART V-PATTERN STARTED FROM LAST DEC. 224% OF XY WHICH IS 2193 HAS ALREADY ACHIEVED. PULLBACK IS EXPECTED.
2. RSI DIVERGENCE APPEARS

ENTRY AREA:
2185-2195

T1: 38.2% 2115
T2: 50% 2091
T3: 61.8% 2069

Trade active: I am in, i think the entry point is good
Johnny_Yu Johnny_Yu


plan to squre half when price reaches 2182.8 and move the stop to BE. Let the runner go!
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Johnny_Yu Johnny_Yu


As my trading plan, cut position by half at 2182.6. let the rest run or stop out with no loss. enjoy the show!

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Johnny_Yu Johnny_Yu


pending bearish gartley pattern in hourly chart, I am waiting for bearish candle pattern to join in.
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Johnny_Yu Johnny_Yu


As I expected earlier today, I placed the trade at 2188.6, sl is 2190, target is 2180. I already moved sl to be, enjoy the free show now.
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