Shorting the S&P at 6000

27 Feb

We previously picked the turning point of the S&P at the all time high.

We now expect this to continue with the downtrend as it approaches the strong 6000 resistance.

1) There is pattern
2) H4 and D1 are down
3) M15 is overbought, awaiting divergence

We target the low of 5915 which will give a 1:2.5 R:R

27 Feb

Dagangan ditutup: sasaran tercapai

Quite a remarkable trade. This hit our profit target overnight and hence a return on 2.5% within 12 hours.