Price has formed a bearish flag since April. The latest weeks bulls couldn't push the price higher and the sellers took control. It can break down at any moment, I opened a small short position, if it breaks down and closes under the flag resistance with high volume in the daily timeframe I'll add to the short. SP above $95.
Trade active
Added, is breaking the support. I won't wait.Trade active
Still holding the short.Trade active
Holding, is going down now.Trade closed: stop reached
That hurt :(
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.