Here is my thought on the S&P500 short. I see the pivot on the 4 hour chart and price action has had a nice run up. If price aggressively breaks and closes above the 71.8% Fib I will most likely leave it alone and look for longs later or double top formations etc. always be adaptive...we have no other choice. I am not in the trade currently but would take a serious look if I get a confirmation setup. Keeping my eyes open today, also wondering how #Brexit will effect this if at all? 1% Risk 2:1RR - Happy Trading!
Comment:
I never took this trade as outlined, I have however scalped the S&P500 up and down. Lets see what its current situation is, settling into serious resistance. There will be a lot of eyes on this puppy at this $2800 level
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I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.