Good morning traders!
We previously explained how in both our two main scenarios we believe S&P500 will complete the bearish wolfe wave in 3600-3650 area.
We are leaning towards the scenario for which we should be in wave 3 of (C) and thus we should be directed towards a lower low.
Our short positions are still in place, average entry @3990.2 and stop loss @4016 for 0.3% risk.
We are also short through a put option that costed us 0.1% of equity.
We will update below!
We previously explained how in both our two main scenarios we believe S&P500 will complete the bearish wolfe wave in 3600-3650 area.
We are leaning towards the scenario for which we should be in wave 3 of (C) and thus we should be directed towards a lower low.
Our short positions are still in place, average entry @3990.2 and stop loss @4016 for 0.3% risk.
We are also short through a put option that costed us 0.1% of equity.
We will update below!
Trade closed: stop reached:
stop loss: -0.3% loss
setup still not invalidated
just holding one put. Our risk management rules prohibit to open other trades. Will update when we got a new setup.
setup still not invalidated
Trade closed manually:
put January sold 3950 for 0.2% of equity. Will update soon
