Yes, I know, the SPX500 day chart has displayed a red candle , breaking down from the bullish trend line. If you had shorted it last Friday at 3260 in the 1H chart, that would be ideal.
It can be tricky for now as it can goes in a few direction :
1. pose a fake breakdown and continue to spike up
2. goes sideways before continuing its bullish move
3. what the short sellers want, it starts to correct itself and moves towards 3124 as next support level
If you want to short, wait for breakdown of 3200 (posing as support level) first .
It can be tricky for now as it can goes in a few direction :
1. pose a fake breakdown and continue to spike up
2. goes sideways before continuing its bullish move
3. what the short sellers want, it starts to correct itself and moves towards 3124 as next support level
If you want to short, wait for breakdown of 3200 (posing as support level) first .
Comment:
hmm, it seems like Mr Market favours Option 1
