ES Short Idea
I'll look to short ES or get SPY puts if it retests this uptrend from April it recently broke with a stop above. First profit target is about where price is now at 5525. Final target is 5400, which is near the highs from March.
You get great risk/reward by shorting right at the trendline, if it doesn't hold it's a small loser. If it rejects and hits 5400 relatively quickly, it's a big winner.
You get great risk/reward by shorting right at the trendline, if it doesn't hold it's a small loser. If it rejects and hits 5400 relatively quickly, it's a big winner.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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