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nur16i
Mar 17, 2021 1:08 PM

S&P500 Short

US SPX 500OANDA

Description

Possible scenario for the price movement of the S & P500 index. Technically, we have a formed wedge pattern, which has already been broken through and is currently retesting the upper edge of the wedge. There are several fall targets for such a pattern, all of them are indicated on the chart. THIS IS NOT A CALL to short the index or paper. When any of the falling targets is achieved, it makes sense to pick up securities in long, to average positions. Remember that over the past year almost all short patterns have been broken, and this one can be broken too. Observe risk management. I am accumulating short positions using futures MES, ES, as well as buying MES FOP (EX) May28'21 3600 PUT @globex
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