SHORT the S&P500 from market 2344

Most traders are net SHORT the S&P500 and yet everyday we seem to see a new high.

Price has hit our target SHORT area and we believe we could head lower from these record highs.

TDI and RSI is showing signs of tiredness and with a STOP just above the record high we are calling the top at 2351.

Our STOP is at 2352 provisionally but this might be a bit tight so if we see some BULLISH action on the lower time frames we may adjust this to 2355.

Be the first to comment

Leave a Reply