The Most Simple SPX Plan in The World (KISS)

SP:SPX   Indeks S&P 500
This is my overall map/view of how I am going to play this correction on the MOST BASIC scale. I am putting this up to remind myself to KISS, or Keep It Simple Stupid. Currently I am short, averaged in right around the current level (2750). I will exit my short on either a downside move to the 200EMA or a strong upside move to the "'Positionless" zone.

The rest of the plan is pretty self explanitory. The lighter colors from the 2750-2875 indicate lack of conviction on my part, and therefore smaller trading sizes.

Once again, this is just so that at any point, I have something to look at to go "oh yeah, that's where i'm at".

Disclosure: I am not an investment adviser and this is not investment advice. This is for educational purposes only. I use these charts to help stick to my game plans and stay accountable to my charting, stop losses, and goals. I decided to make them public to desensitize myself from the fear of getting things wrong and in order to release myself from the trading mistakes that I believe come with such fear of failure.

Idea Berkaitan

Helpful overview thanks - though I would include going lower by FOMC with fake bounce at previous bottom
Great chart!
Nicely done.
+1 Balas
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