Short

Short SPX

Given the rise in US Yields and USDJPY overnight, we can expect a Pullback for the SPX at the Open. If we get a push up to 4450 - 4455, then a 1:2 Risk to Reward trade is in play at this 200EMA level.

Hypothesis for the Short:
SPX Currently in a Down Trend, hitting the previous Sell Signal's on the 1H SMTV Indicator which will act as Resistance level at 4440 Level, if to the SPX hits the 200EMA at 4450 - 4455 I will make a short entry then look for a strong break at the 4440 Level for confirmation of Trade direction, otherwise if a hold of price at 4440, go to breakeven on the Short Entry Price at 4450 - 4455.

Short Entry 4455
Stoploss 4480
Take Profit 4400

Also have a Buy on the USDJPY on the 1H from the SMTV indicator at the 145.400 Levels, this will act as a strong support and bearish for the SPX
Trend Analysis

Haftungsausschluss