SP500 short trade highlights failure of index to rise.
In this trade, with the entry and exit highlighted by two black arrows, we see price rising while the CCI diverges negatively, only for price to align with the technicals and fundamentals
to grind lower.
Potential for further downside is clear, with more room on the CCI toward -200 and price having expanded the BBs (seen here as 2x Standard Devs.). I closed the trade to round up my monthly stats
but could have held into tomorrow; may look at re-entering if ATR rises and volatility picks up, otherwise will have to wait until after the Independence Day holiday (Monday 4th July) for liquidity to
return.
Thanks
Forexistential
to grind lower.
Potential for further downside is clear, with more room on the CCI toward -200 and price having expanded the BBs (seen here as 2x Standard Devs.). I closed the trade to round up my monthly stats
but could have held into tomorrow; may look at re-entering if ATR rises and volatility picks up, otherwise will have to wait until after the Independence Day holiday (Monday 4th July) for liquidity to
return.
Thanks
Forexistential
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Feragatname
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