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LeoYao
May 24, 2016 2:57 PM

Two Potential Short Zone For SPX500 Short

S&P 500 index of US listed sharesFXCM

Description

Please check
1.2085
2. 2094 to 2102 zone

These two might be the best short position

Comment

Hit the yellow zone, start to short

Comment

If you want to SL, please SL when the price is over X. Now still safe.

Comment

The price did not hit X which is our SL.
If you trade from the upper level of the yellow zone where I also added one more position there,
today lowest is 2084.9 till now, around 170 pips.

Comment

The price comes up again, but no need worry, i believe all my students have taken some profit.

And for those who did not take any profit, I believe your trade is still active as it did not go higher than the X point which should be our minimal SL. And most important thing I need to tell you is, the price pattern looks more likely a double header

Comment

Half position took profit around 2086, half has moved SL to entry which were hit by market today.
Comments
NamNguyen5s
Thanks for your reply. I hope you can post if you have news about SPX500.
LeoYao
NP. I will definitely publish once I have new idea.
NamNguyen5s
You think SPX500 will fall on Friday?
LeoYao
Do not know yet. But I will still short it. I need to look at it tonight and do more analysis.
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