Waiting for confirmations to short ES - SP500 - US500

6 Nis 2023

Hello Everyone,

This is my analysis about the SP500, since we're having a bad data on the PMI Services and if Friday delivers a bad interpretation of the NFP news, i want to see a retracement into the premium key levels and see in a lower timeframes a confirmation of a bearish move, then i'll proceed to short and targeting the fair value area and a lower prices.



This is not a financial advice, the idea is for study purposes. In any case, it is not meant to give you a signal.
This is just a way for me to read the markets.

6 Nis 2023

Not

Price just went back to a premium levels as i said yesterday. We got our confirmation ? not Yet ! Wait

10 Nis 2023

İşlem aktif

As you can see, price reached to the PL where we was waiting for and took the shorts targeting the value area on the 1H timeframe.