chartwatchers

SPX500 - Trading the daily cycle decline

Short
OANDA:SPX500USD   S&P 500 Index
This trade is based on my cycle count and the overbought indicators.
Earlier today we printed a swing on the daily chart.
On the hourly chart we are just back testing the 50 MA and it seems a good place to try a short position:


I will not set a stop loss : if I feel the trade is going against us I will post
a Trade closed manually message

My target is the 200 SMA at 2900.


Comment:
Comment:
In a blink of a moment the position is in profit.
It's always hard to steal money from the bull in a bull market.
Comment:
Trade closed manually
Comment:
The bitch tagged the 200 SMA finally.
Comment:
*beast

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