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TheDinoChart

SP500 Short the resistance retest. Decent R/R ratio. Daily chart

Short
S&P 500 Index (OANDA:SPX500USD)  
TheDinoChart Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Support and Resistance Supply and Demand sp500index S&P 500 (SPX500) Stocks stocktrading indextrading trading sp500short
5
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trendanalysis supportandresistance supplyanddemand sp500index spx500 stocks stocktrading indextrading trading sp500short
Shorting this second resistance touch on SP500.
Reasons:
  • Second touch on resistance
  • Bearish RSI
  • Dropping bullish volume
  • Decent R/R


Strategy:
R/R = 2.81 or 4.23
Entry: around 3010
Stop: 3054
Target 1: 2888
Target 2: 2819

Please follow and smash the like button to support my work and see even more free TA :)
Trade safe friends!
Trade closed: target reached:
Target reached. +2.81R

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