Hello friends,
S&P500 hit the all-time high last week.
Momentum was very slow. which is confirmed it was a corrective upside.
MACD shows huge divergence.
at that point, the price cannot move higher and higher.short trade most safe and comfortable now.
And the price can go continue downside.
if you see aggressive bearish momentum then you can hold the trade long-time.
Question is
.....................what types of traders you want to be?
1. painful trader or
2. Joyful trader
choice is yours
if anyone has an alternative view on this pair please comment, then we can discuss positively.
S&P500 hit the all-time high last week.
Momentum was very slow. which is confirmed it was a corrective upside.
MACD shows huge divergence.
at that point, the price cannot move higher and higher.short trade most safe and comfortable now.
And the price can go continue downside.
if you see aggressive bearish momentum then you can hold the trade long-time.
Question is
.....................what types of traders you want to be?
1. painful trader or
2. Joyful trader
choice is yours
if anyone has an alternative view on this pair please comment, then we can discuss positively.
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