girolamoaloe

SPX500‬ ‪bearish‬ scenario and potential ‪trading plan‬

Short
FX:SPX500   S&P 500 Index
Taking in consideration the behaviour of SPX500 inside the demand level that was tested 2-3 times now, I can think to sell in the fresh supply level (drawn in the weekly chart) triggering a first trade, a small one, inside and near the proximal line.

The weakness of the already tested demand can suggest that it could be taken out in the next retest.

I marked several potential entry points for sell trades. but my focus for now in on the lowest entry.

In this trading Idea I have drawn the nested supply levels for the weekly, daily and 4h charts, just to get a better precision for the potential entries and have a better trading plan.

Anyway, I have already set my sell order on SPX500, the purple line in the chart.

What do you think about this Index Future?

Thank you

Girolamo Aloe

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