Short $SPX : sellers need 0.381 to hold on the 4H.
Price is above the 4H EMA50 at 0.359, so this is counter-trend. A close below 0.381 is what I want to see. 0.391 breaks and I'm out of the idea.
What backs it:
• Daily is below the EMA200 at 0.387, so the daily backs the short
• 1H RSI 62, stretched with room to cool off
• Stop 2.7% away, TP3 4.3% away, so 1.6R if TP3 gets there
SHORT zone 0.3794–0.3811 | targets 0.3741, 0.3700, 0.3638 | stop 0.3906
Does 0.381 cap it, or do buyers push through?
Not advice. Your risk.
Price is above the 4H EMA50 at 0.359, so this is counter-trend. A close below 0.381 is what I want to see. 0.391 breaks and I'm out of the idea.
What backs it:
• Daily is below the EMA200 at 0.387, so the daily backs the short
• 1H RSI 62, stretched with room to cool off
• Stop 2.7% away, TP3 4.3% away, so 1.6R if TP3 gets there
SHORT zone 0.3794–0.3811 | targets 0.3741, 0.3700, 0.3638 | stop 0.3906
Does 0.381 cap it, or do buyers push through?
Not advice. Your risk.
