best level to short spx tp bears 3550

🔸Hello guys, this is 8 hour chart for SPX. Trading in well defined range since June 2022. This
is an ongoing accumulation/distribution process. Currently risk/reward shifting in bears favor.
Especially as we are closing in on the short sell in May and go away, I expect bears to take over.

🔸Active trading range is defined by range lows at 3700 and range highs at 4150. Premium prices
overhead at 4250/4300 and below at 3550/3650. Risk/reward shifting in bears favor as we are
trading very close to top of the 10 months range.

🔸Recommended strategy for SPX this is a swing trade setup. SHORT sell from overhead resistance
near premium prices (expect technical overshoot). TP1 bears is 3550 and TP2 bears is 3500.
This is a short/hold setup do not expect fast/miracle gains.

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