S&P 500 IndexShort
S&P500 Analysis- 7TH May2022
Updated
If breaks H-Support…
Short the index
Entry below 4062.51
Target 4000 but can go down till D-support zone
Stop loss 4154
If breaks price 4600 i.e C-supply zone and sustains above the C-supply zone..
Long the index
Entry above 4650
Target 4800 straight… as G-resistance level
Stop loss as per risk capacity
Short the index
Entry below 4062.51
Target 4000 but can go down till D-support zone
Stop loss 4154
If breaks price 4600 i.e C-supply zone and sustains above the C-supply zone..
Long the index
Entry above 4650
Target 4800 straight… as G-resistance level
Stop loss as per risk capacity
Note
Market is in range as of now… i.e between I- trendline and H- support…Wait for breakout i-e either upside or download..
IF
I-trendline is broken upside…
Entry 4200
Stop loss - candle closing below H-support
Target -4400/4500
IF**
H-Support is broken
Short the market
Entry below 4062
Target 4000 and can go downside till D support zone
Stop loss- Candle closing above I- Trendline
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.