auroraspot

Shorting SPX Against the Crowd Long Mentality

Short
OANDA:SPX500USD   S&P 500 Index
Shorting the major US stock index with Reward/Risk of 1.88. The trade is kind of unpopular recently, but I smell enthusiasm is reaching exuberated levels, a clear sign we are very close to a medium-term top. When there is nobody with gun powder to buy more we will enter a bearish spiral. Not sure how far it will go, but this target I set looks easily reachable in a month or two period.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter