SPX500 Short Trade Setup

5 Jul 2021

My forecast is the C wave inside a correction and more upside. That's why I want to take a long trade. As you can see, we have a potential reversal structure after the last top, and it's a valid trade setup. That's why I placed a pending order, and I'm in the trade now. My risk is 0.5% since another upward impulse after a small correction is also possible, and in this case, my trade will stop out. If it drops and makes a bigger correction, I'll it more.