S&P Short Setup After Possible Short SqueezeSP500 FutureVANTAGE:SP500FTdRends35S&P appears to be locked in a choppy downtrend and may struggle to recover without first printing a deeper move lower. With that in mind there is a simple short setup here. The upper-wicked candle (star) suggests a possible short squeeze. These squeezes often lead to further downside once the move exhausts. If that is the case, price could move comfortably back toward the recent lows before any attempt to push higher. So for a straightforward setup I am entering short at current price with a stop placed exactly at the high of the upper-wicked candle. For take profit I will simply target the recent low, exiting before price reaches deeper liquidity where whipsaws become more likely. At the time of writing this is approximately a 1:1.5 trade. Price points on Vantage chart: Entry: Current price – $6639.9 Take Profit: $6483.3 Stop Loss: $6746.4 Not advice.