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Petrichor_
May 12, 2020 12:38 AM

Channel trade idea: break of 2901 -> 2775.  Short

OANDA:SPX500USD240
US SPX 500OANDA

Description

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On this 4 hour chart, we can see that if we break 2901, we can see that we'll be headed back down to the bottom of the channel. This line is at 2775. Also, the MACD is turning over.

Stop loss: 2910
Take profits around 2790.
Chart PatternsTrend AnalysisTechnical IndicatorsSPDR S&P 500 ETF (SPY) spyshortswingtradeBearish Patterns
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