ES Short Idea

٢٩ يوليو

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.