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S&P 500 Index
Short

SPY SHORT: Double Top

777
snapshot

though I have already shorted spy,
for now, there is another perfect selling setup for those who missed the trade.

on 4h chart the market has formed a classic double top pattern with lower high
and RSI divergence.
I trade this reversal pattern waiting for a bearish breakout of minor support beneath it.

T1 - 2945
T2 - 2900

Stop - 3028
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Also on:
Chart PatternsS&P 500 E-Mini FuturesETFfundamental-analysisfuturesidexesTechnical IndicatorsoptionsspdrS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

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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.
Chart PatternsS&P 500 E-Mini FuturesETFfundamental-analysisfuturesidexesTechnical IndicatorsoptionsspdrS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

Disclaimer

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.