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RESULTS: SP500 CFD Short Trade, 9-11 August, 2017

SP500-Elliott-Wave_2...


RESULTS: SP500 CFD Short Trade, 9-11 August, 2017

Two days ago, in the SPX Elliott Wave blog video below, our TradingLounge members and non-members in this case (through our Blog), were alerted that there was going to be a turn down in the SP500 (SPX) and we demonstrated using Elliott Wave and Trading Levels concept just how we could look to short the SP500 /SPX.

The smallest CFD contract you can get is a Mini Contract, even the smallest possible contract e.g. 1 Mini Contact on this current short trade would have netted you around $2000!

Trading the SPX market index, we use CFDs (Contracts for Difference) The CFD is a great product for trading long or short and the Indices have high leverage component. The Elliott Wave theory and the TradingLevels concept were very helpful in seeing a variety of different trade set-ups. (I suggest watching the previous Video below)

 

SP500 Daily Chart (Chart 1)
Elliott Wave Count and Analysis
Intermediate Wave (3) was called in two days ago and Wave (4) the 38.2% retracement level is at 2300.

SP500-Daily-Chart_20...

SP500 100 Tick Chart
Elliott Wave analysis on the intraday detail. The green lines are the basic short trade triggers. We are now working this micro degree of structure and will be looking to short certain rallies.

SP500-Tick-Chart_201...

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