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MattArmstrong

SPX500 | Short Idea

Short
S&P 500 Index (FX:SPX500)  
MattArmstrong  
FX:SPX500   S&P 500 Index
Trend Analysis Support and Resistance Supply and Demand SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) US SPX 500 cryptobros index invest learn
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trendanalysis supportandresistance supplyanddemand spx spy spx500usd cryptobros index invest learn
I see a significant pattern setting up for more downside on this index.

- engulfing candle patterns at major daily 200 EMAs
- PA below the 200 EMA on the daily
- a flag (bearish) pattern has been completed
- layering on the fundamentals of gold/silver and even bitcoin being purchased over more "risky" stocks - especially this banking fiasco.

2.3 : 1

1% risk - Happy Trading!
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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