S&P500 Potential Bearish Reversal

Trade Background:

Not much to say here apart from the double event risk tomorrow: US Q3 GDP & FOMC interest rate decision. Expect very high volatility tomorrow. If price spikes to the upside, a short position at final resistance level seems like a trade with good risk/reward.


Trade Idea:

Positioning: Short
Time frame: 1H
Length of Trade: 1 day to 1 week

Entry: Between 3045.00
Stop: 3060.00
Exit: 3017.00

Leave a Reply

Your email address will not be published. Required fields are marked *