SPX500USD Shorts Coming This week

OANDA:SPX500USD   S&P 500 Index
Hi Traders,

S&P500 Has a similar structure to the Nasdaq and the Dow Jones, Right now I see a few points of interest where I may take a short position. I would like to see Price reach 3895 where I would look for potential sells seeing that price has made a lower high at 3950. Keep in mind that Price is yet to make a lower low and if we do reach our point of entry it may be the best place to enter the short for a lower low.

Price has left an imbalance at 4080 which still has the potential of being filled. Knowing this, I will be very conservative with the entry at 3895 where I will wait for rejection and then some sort of bearish candles before entering.

Let's be sure to smash this week, Remember to be patient disciplined, and very calculated with each trade. Many Traders tend to bring the gambler's mindset into their trading.

Best Regards,

Renaldo Philander.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.