SPX 500, Daily
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The SPX Sell Off at 5500

465
Hi all,

It has been a while since we posted as we waited for a really good trade setup. The SPX is hovering at 5500 and we believe it is the right level to sell.

1) There is a shark pattern at this level
2) RSI is overbought on every time frame except H4 and D1
3) There are smaller patterns to sell
4) There is very strong structural resistance at 5510 to 5520

The first target will be 5306 which has a great risk to reward of 1:5.

We will wait for M15 divergence and a trend line break to enter.
トレード稼働中
This trade is very much active. Shorted at 5520 with a 50 pip stop loss and hoping for a big drop
トレード終了: 利益確定目標に到達
We are seeing M15 oversold with a pattern to buy so will take profit on half the position

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