Sp500 has had a fantasitic move higher in the second quarter, and a little pullback is expected in SP500. Moreover it creates double Top and prices are going to break MA and Trend for bearish move.
Recommendation: Short from current price $3118. Targets are: $3095 and $3050.
Hi!
Thank you for your analysis. When you reach target 1, what do you do? Do you reduce position?
And at that point how would you look for a move to target 2, and protect yourself in case it goes the other way?
usmand
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@ruimnetob, I trade simple, strict to stop loss and TP.. No breakeven average, hedge bla bla.
Thank you for your analysis. When you reach target 1, what do you do? Do you reduce position?
And at that point how would you look for a move to target 2, and protect yourself in case it goes the other way?