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dcm2020

False breakout on SP500

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Índice S&P 500 (FX:SPX500)  
dcm2020  
FX:SPX500   Índice S&P 500
S&P 500 (SPX500) SPX (S&P 500 Index) trade short false breakout Relative Strength Index (RSI) Triangle
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spx500 spx trade short false breakout relativestrengthindex triangle
Hi Traders,

We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.

Thanks!

Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
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