S&P500 Daily Bearish Engulfing Candle
Not a great idea to sell right now (IMO) could have a small pop higher and hopefully offer another shorting opportunity soon
Friday's bar was significant as the range fully engulfed 68x trading days - meaning any liquidity there is now gone in one session, all the buying to bring the S&P up to the range top was undone almost instantly suggesting lower prices to find some significant bids
Looking bearish and I'm position short but not against trading the rally on a shorter timeframe and scaling into short again although the SPX has a slightly different look to the futures right now
Watching the SPX for a 4hr small bullish bar that is inside of the bollinger bands that may offer a low risk long trade to try and get back to the supply level overhead - aggressive but low risk/ high r:r
Iust my opinions, and it is a very high risk time to trade now with increased uncertainty - so do not trade my ideas!!
Trying to see both sides of the same coin
Friday's bar was significant as the range fully engulfed 68x trading days - meaning any liquidity there is now gone in one session, all the buying to bring the S&P up to the range top was undone almost instantly suggesting lower prices to find some significant bids
Looking bearish and I'm position short but not against trading the rally on a shorter timeframe and scaling into short again although the SPX has a slightly different look to the futures right now
Watching the SPX for a 4hr small bullish bar that is inside of the bollinger bands that may offer a low risk long trade to try and get back to the supply level overhead - aggressive but low risk/ high r:r
Iust my opinions, and it is a very high risk time to trade now with increased uncertainty - so do not trade my ideas!!
Trying to see both sides of the same coin
