S&P 500 Index
Short
Updated

SPX SHORT JUL 28 2022

US is in recession, while Central bank is not admitting it, sentiment across the board is telling a different story.

I am therefore looking for a long-term movement to the downside as price is tapping onto this weekly trendline.

I am targeting the Daily 800EMA, may close position earlier depending on price action
Trade closed: stop reached
The reason why SPX and US indexes moved up was because of positive quarterly earnings

Disclaimer