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Jan 21, 2021 7:45 AM

S&P 500 Exhaustion - Sell Order Short

US SPX 500OANDA

Description

SPX500 Short Position

Entry: $3,865.0
TP & RR: $3,828.3 (1.95)
Stop Loss: $3,883.8

REASONS FOR THE TRADE

Clear divergence in the Market Flow indicator and we are reaching a trendline, which I believe will act as resistance. SL is set well above it, so we give the trade some space to breathe and hopefully develop as we expect. Target is set at the previously established resistance, which should now act as support.
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