S&P made a double top. Structure is still intact but i am anticipating a bearish rotation. Normally i trade this setups in a conservative approach as the 2618. However this time i will be even more conservative and i will place a sell stop order. I aim for 3 targets. A scallper an intermediate and a long run target.
My sell stop entry is at 2359,25
TP1 2347,75
TP 2 2343,75
TP3 2338,25
IMPORTANT NOTE:
My entries and targets are based on the March futures contract for the SPX. Current values (cash) differ from the futures contract so please take this in consideration and the example above should be used as educational purposes
My sell stop entry is at 2359,25
TP1 2347,75
TP 2 2343,75
TP3 2338,25
IMPORTANT NOTE:
My entries and targets are based on the March futures contract for the SPX. Current values (cash) differ from the futures contract so please take this in consideration and the example above should be used as educational purposes