S&P 500 Index
Short
Updated

SP500 looks weak 🦐

1 395
SP500 on the 4h chart has retested perfectly the 0.618 fibonacci lelevl over a weekly resistance.
The price is now trading above a daily support and a break below will show further signs of weakness.

I will wait for a clear break on the 4h chart and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.

––––
Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Note
snapshot a break will be needed first to consider a new position
Note
snapshot as expected
Note
snapshot a series of lower lows lower highs, the trend is your friend until you ll recognize a sign of reversal
Note
snapshot break and retest, waiting for the FED
Note
snapshot another 5% move in our favour
Note
snapshot moving lower as expcted
Note
snapshot new recent low for a 7% call
Note
snapshot short term retracement to the upside
Note
snapshot choppy lower low for a 8.47%
Note
snapshot retest of the resitance
Note
snapshot new recent low ahead
Note
snapshot typical beginning of the month move

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.