My goal is to create an edge. After Multi-Time Frame analysis, I have concluded that the S&P 500 is currently in a downtrend. When the market corrects, I will look for a short entry here.
Comment:
Price is showing new demand has formed around 269 price range. We must retest that in order for out short to remain valid. If it doesn't retest the demand first, then we wont have enough Reward:Risk in order for my rules to meet.