The S&P500 setup to short the market.

16 באוג׳ 2022

S&P500 / 4H

Hello traders, welcome back to another market breakdown.

S&P500 have have been in a bear trend this year, one of the high RRR strategies is to short rallies in a bear trend and go long drops in a bullish trend.

Please checkout the chart to see what I'll be waiting for before taking any swing down. The market is strong enough that news highs are more likely now. So, bears need to be patient and wait for confirmation.