S&P 500 - Gap fill move lower in October

2017年9月28日

There is both a old gap from September which can be filled and the risk/reward is also interesting enough, therefore I published this bearish short idea. I have to break one of my trading rules though to come to the conclusion that the "S&P 500" is going lower, therefore the probability for the decline is low. Bulls could also breakout from here, therefore the tight stop loss.

Sell the news event?

Donald Trump unveils ambitious plan to overhaul US tax system
theguardian.com/us-news/2017/sep/27/donald-trump-tax-plan-reform-republicans-cut

Entry: 2500-2510
Target: 2470-2460
Stop loss: 2520
Risk: 10-20
Reward: 30-50

2017年10月2日

交易結束：達到停損點

As I had written:

"the probability for the decline is low. Bulls could also breakout"

&

"I have to break one of my trading rules though to come to the conclusion that the "S&P 500" is going lower"

Conclusions: Never break the rules of your strategy. The breakout happened.

P.S. And even the shocking and horrible shooting in Las Vegas, which killed more than 55 innocent people and injured more than 500 people - didn't slow down the bull rally on Monday at all. There is no connection between reality and this market any more.