SHORT SPX = 5 Days Close at or above the OUTER BB

8 de jun. de 2020

Obvious rising channel that is STEEP and prices have gone parabolic recently. This is shown in the 5 of the recent days at or closing above the outer BB. This pattern reverts to the mean of EMA 39 in >90% of cases. Occasionally prices rise a several more days before turning down but usually they do not. Expect to SHORT tomorrow at ~3200 and expect TP of 2950ish.

9 de jun. de 2020

Trade ativo

Sold almost all LONG positions in every stock today and went SHORT SPX at several levels between 3206 and 3215. Expect retrace to start soon. This does NOT mean I am necessarily thinking we retest the lows. First TP about 2950. This is about 3.5:1 R:R trade for me.

10 de jun. de 2020

Nota

Trade is working out as planned. Staying short here. Tightening stop loss.

11 de jun. de 2020

Nota

Like I said >90% this setup works out. Approaching Target Price between 2950 and 3000. Plan to start taking profits.

15 de jun. de 2020

Trade fechado: objetivo atingido

Target Price 2965 hit today. Took Profit and closed trade. This trade turned out EXACTLY as planned.