S&P 500 Short: Potential Ultimate Peak on 23rd May 2024

Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points).

Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024.

Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not with being right.

Good Luck!