The Senate majority leader Mitch McConnell is making contingency plans for the growing possibility of a government shutdown ( https://www.fxstreet.com/news/us-senate-majority-leader-plans-for-government-shutdown-politico-201801181642 ).
The RSI momentum indicator is starting to show a bearish divergence, after the "S&P 500" had reached my previous long target at 2800 points. Due to the uncertainty regarding the outcome of a government shutdown are signs of weakness visible at the R3 price resistance. To hedge open long-positions I recommend to place a small sized short around here.
Short entry: 2798
Stop loss: 2808
1. Target 2768
2. Target: 2708
Risk to SL at 2675: 10 points
Reward (1. Target): 30 points
Reward (2. Target): 90 points
The RSI momentum indicator is starting to show a bearish divergence, after the "S&P 500" had reached my previous long target at 2800 points. Due to the uncertainty regarding the outcome of a government shutdown are signs of weakness visible at the R3 price resistance. To hedge open long-positions I recommend to place a small sized short around here.
Short entry: 2798
Stop loss: 2808
1. Target 2768
2. Target: 2708
Risk to SL at 2675: 10 points
Reward (1. Target): 30 points
Reward (2. Target): 90 points
Giao dịch đang hoạt động:
Short S&P 500 CFD from 2798 as planned.
If the price goes on Friday above 2800 again another short might be added, depending on how weak or strong the market acts.
If the price goes on Friday above 2800 again another short might be added, depending on how weak or strong the market acts.
Đóng lệnh: dừng lỗ:
The short to hedge a US government shutdown from 2798 was stopped out at 2708 on Friday during the last hour of the trading session.
Depending on how bullish the market acts next week I might close the second short from 2806 manually before it reaches the 2829 stop loss.
Depending on how bullish the market acts next week I might close the second short from 2806 manually before it reaches the 2829 stop loss.
Bình luận:
There are new news related to this event:
The Senate majority leader Mitch McConnell made a new comment on Sunday, Jan 21:
"This shutdown is going to get a lot worse tomorrow. A lot worse. "
townhall.com/tipshee...a-lot-worse-n2437605
The director of the Office of Management and Budget Mick Mulvaney: The government shutdown could persist for weeks as some Democrats want the shutdown to last until Trump's State of the Union
www.washingtonexamin...nion/article/2646608
The Senate majority leader Mitch McConnell made a new comment on Sunday, Jan 21:
"This shutdown is going to get a lot worse tomorrow. A lot worse. "
townhall.com/tipshee...a-lot-worse-n2437605
The director of the Office of Management and Budget Mick Mulvaney: The government shutdown could persist for weeks as some Democrats want the shutdown to last until Trump's State of the Union
www.washingtonexamin...nion/article/2646608
Đóng lệnh: dừng lỗ:
On Monday, January 22 around 1pm EST it looked like 2825 could be the peak for the day. This price level held below my stop loss of 2829 for my short from 2806 until the last hour of trading. But after several hours of sideways below 2825 the market rallied very strongly into the close going above above 2831.
For this short I placed the stop loss to 2829 with 1st short target 2749 and 2nd short target 2699.
Yesterday's short remains active as the S&P 500 didn't rise beyond the 2708 stop loss ahead of the White House press conference where they will release information about the government shutdown today.