peterbokma

S&P - SELL Strategy

Short
SP:SPX   S&P 500 Index
I can't become bullish on it at current levels.

We got the NEW MOON phase, and further daily RSI is high. The Gann fan has more upside no doubt, but considering the weekly chart as well, we should be seller into the rallies.

Strategy is sell current 4700 handle and take profit 10%-15%, i.e. somewhere 4250-4000.


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