Short the S&P 500 for the next two weeks. Risk/Reward ratio 2:1 Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Oct 15, 2017 10:44 PM

Hi guys! This is my first idea that I'm sharing on this site! :)

Based on support and resistance of the past 10 months, short looks good with 2:1 ratio for the two weeks. Also, the RSI is around 75. Keep an eye Monday morning and decide what to do.

If you have different ideas, please share them with me :)

Thanks!

Trade closed: stop reached

⋅ Oct 23, 2017 7:44 PM

Comments

danbuehring

⋅ Oct 26, 2017 1:19 PM

So you were just too early huh? Your research looks great.

albertofuser

⋅ Oct 26, 2017 1:57 PM

@danbuehring, thank you so much! Yes, a little bit early ;)