Thursday, May 23rd 2019
The S&P 500 index was quoted at $2,812 today, down 1.5% from open. Another bearish sign was posted with lower highs and lows on the down-trend since May 16th - quoted $2,885.
The confidence of my outlook bearish the S&P 500 has increased suggesting anticipation of $2,650 which is 6% lower than current quotes; the current entry-price is not considered favorable enough to instigate a concrete trade idea. This is merely a guidance in probability, economics and the development of the macro-trading environment. Awaiting more favorable short-sell trade entries around $2,850 which is 1.3% higher than current quotes or after sharper technical bearish signals.
P.S. I’m still working on a new format for the structure and content of my posts. This thread is part of the “limbo” period before it’s complete.