USA_Capital_Funds

SPX500 May Need A Breather, Trend Slowly Losing Strength

Short
OANDA:SPX500USD   S&P 500 Index
We have a daily trend line which was tested the previous 2 days and now we have a pullback to the trend line which is now acting as resistance. From here we have 4h structure which broke down, therefore the unpopular opinion would be to take the short opportunity in anticipation of a correction to the downside for at least a 1:2 risk to reward trade. Keep in mind news such as stimulus approval could interfere with technicals so manage and accept risk prior to entry

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out