S&P 500 - Distribution - short (potential)
Seeing some decent distribution here, the breaks on this move up have been applied. There's signs of weakening momentum up to monthly...
That said just cause the breaks have been applied doesn't mean we're about to stop just yet. Might keep on grinding for a bit more. Likely more room on the downside than the the upside tho.
Will be on the lookout for short opportunities. Main target for an eventual short would be the support that allowed this move up. Partial profit taking at the high tf/ long term levels on the way down.
That said just cause the breaks have been applied doesn't mean we're about to stop just yet. Might keep on grinding for a bit more. Likely more room on the downside than the the upside tho.
Will be on the lookout for short opportunities. Main target for an eventual short would be the support that allowed this move up. Partial profit taking at the high tf/ long term levels on the way down.
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