The SP500 is moving as expected and that supports our long term view. That view tells us that we are in a long term consolidation. I am not going to bother you guy's how to interpreted fundamental drivers which are in perfect harmony with the technical's. Just have a look at my previous posts and you will understand that the bias is to the downside short/medium term.
I am short from last week with a risk/reward of 5 to 1 at the moment (my stop loss makes this a risk-free trade). I am perfectly fine leaving that on the table for now and am looking for more shorts to come. If things change I will update again.
Have a good trading week!
I am short from last week with a risk/reward of 5 to 1 at the moment (my stop loss makes this a risk-free trade). I am perfectly fine leaving that on the table for now and am looking for more shorts to come. If things change I will update again.
Have a good trading week!
Comment:
The current price action does not mean that structure has changed, so far only the corrective pattern is turning into a more complex correction.
Next week I will update once again for the next high probability set-up.
If you are interested in my live trade calls (me executing/managing trades) and be able to copy them or learn from them real-time you can DM me and I will put you on the list.
Have a nice weekend!