History had taught us that the fundamentals supersede the Technicals. In my humble opinion the S&P500 will stop it's strong rally near the horizontal rays that I have drawn on the chart. My "Big Short" has an 8 Reward to Risk ratio, a stop loss above the last resistance and an exit profit bellow of 3900 units.
Trade active:
Today I got short supporting my 10 days patience...my stop is @ 4640 and my exit profit @ 3891
Trade active:
The trade is progressing. I am several points in the money, and it is the time to move my stop loss to break even plus some points, namely at 4510. I am short since 4536. I will take the 1/3 of the trade at 4290, that a 0.236 Fibo is present.