SPX500 Short Position
Entry: $3,865.0
TP & RR: $3,828.3 (1.95)
Stop Loss: $3,883.8
REASONS FOR THE TRADE
Clear divergence in the Market Flow indicator and we are reaching a trendline, which I believe will act as resistance. SL is set well above it, so we give the trade some space to breathe and hopefully develop as we expect. Target is set at the previously established resistance, which should now act as support.
Entry: $3,865.0
TP & RR: $3,828.3 (1.95)
Stop Loss: $3,883.8
REASONS FOR THE TRADE
Clear divergence in the Market Flow indicator and we are reaching a trendline, which I believe will act as resistance. SL is set well above it, so we give the trade some space to breathe and hopefully develop as we expect. Target is set at the previously established resistance, which should now act as support.