$SPX short
Sell 0.4589
Stop 0.4618
TP 0.4442
The 3 days before this were a clean 13% run on SPX. Retrace of 31%, then price went back for the old high. The inducement at 0.4442 is still untouched. Price then pushed 0.5% above the old high at 0.4597, printed a fresh high at 0.4618 and could not hold it. It is back under 0.4597 now. Taking the short from 0.4589, stop 0.4618 just beyond the fresh high, target 0.4442 where the inducement sits. About 1:5.07.
DYOR.
Sell 0.4589
Stop 0.4618
TP 0.4442
The 3 days before this were a clean 13% run on SPX. Retrace of 31%, then price went back for the old high. The inducement at 0.4442 is still untouched. Price then pushed 0.5% above the old high at 0.4597, printed a fresh high at 0.4618 and could not hold it. It is back under 0.4597 now. Taking the short from 0.4589, stop 0.4618 just beyond the fresh high, target 0.4442 where the inducement sits. About 1:5.07.
DYOR.
