Shorting Opportunity in the S&P

Now that the SPX has reached the 4,930-point mark, the chances of a short to medium-term correction to around 4,848 points are good. There is sell-side liquidity there, which the market should remove before a possible renewed rise.

We set a tight SL so that the trading idea has an excellent RRR of 3.7:1.

Trade closed manually:

Little profit. Markets seem to turn bullish again