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SPX500 Short Setup

Short
US 500 (CAPITALCOM:US500)  
Quant_  
CAPITALCOM:US500   US 500
Chart Patterns Trend Analysis Technical Indicators S&P 500 (SPX500) spx500short spx500forecast spx500analysis spx500idea sp500short sp500analysis sp500daytrader sp500signals
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chartpattern trendanalysis indicator spx500 spx500short spx500forecast spx500analysis spx500idea sp500short sp500analysis sp500daytrader sp500signals
SPX500 Short Setup
🔵 Entry Level: $4486.0
🟢 Take Profit: $4426.9 (1.28R)
⛔ Stop Loss: $4532.1

Reasons:
- Reaching resistance level at $4485
- Expecting either divergence or highly overbought level on the PVS Indicator by the time price reaches that level.

Game plan: If the price flips this resistance into support (tests it), I may close the trade prematurely and open a long trade until the next resistance level is reached at $4548
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