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MattArmstrong
Dec 1, 2021 6:52 AM

S&P500 - Short Idea Short

OANDA:SPX500USD1M
US SPX 500OANDA

Description

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This is a Monthly chart, kicking off 2022 may be a rocky road for some.

This is a "shooting star" on a monthly chart with bearish divergence highlighted.

Price has yet to "revert to mean" for such a long time.

1% risk 2:1RR

Welcome to December!

Comment

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off in the right direction.
Trend AnalysisHarmonic PatternsChart PatternsSPDR S&P 500 ETF (SPY) spyshortSPX (S&P 500 Index)S&P 500 (SPX500)dollarindexcryptoUS SPX 500
Comments
hieuaof
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What entry and alert do you use with EMA 34 , 55, 200
MattArmstrong
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@hieuaof, I use daily charts a lot, scan my ideal picks daily.
JoeChampion
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Great idea!
MattArmstrong
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@JoeChampion, thank you.
TradePlus-Fx
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I'm also waiting for the descent
MattArmstrong
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@Viktor_Vladzimirovich, appreciate the post.
TradePlus-Fx
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@MattArmstrong, 👍
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