Rule_no1

SP500 SELL ON STRENGTH !!!

Short
Rule_no1 Updated   
FOREXCOM:SPX500   S&P 500 Index
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LATEST UPDATE ON SP500:

"Stay committed to your decisions, but stay flexible in your approach"

We hit our stop yesterday BUT we still stick to our decision of SHORTING SP500. Long term trend is still DOWN. SP500 is currently having hard time with the resistance near level 2500.

We are taking this opportunity to SHORT. Do set your CL tight as the market will be very VOLATILE these day.

Investors are now betting that US lawmakers will back a reported $2 trillion stimulus bill to combat economic fallout from the Covid-19 pandemic. BUT if they failed to secure the stimulus package, US market will be having another BIG fall down!!! The risk reward is GREAT!


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Happy Trading :)


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Trade closed: stop reached
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