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S&P 500 Index
Short

SPY SHORT: Double Top

By VasilyTrader
snapshot

though I have already shorted spy,
for now, there is another perfect selling setup for those who missed the trade.

on 4h chart the market has formed a classic double top pattern with lower high
and RSI divergence.
I trade this reversal pattern waiting for a bearish breakout of minor support beneath it.

T1 - 2945
T2 - 2900

Stop - 3028
Chart PatternsS&P 500 E-Mini FuturesETFfundamental-analysisfuturesidexesTechnical IndicatorsoptionsspdrS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
VasilyTrader
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