S&P500 | Daily Double Top | GTradingMethod

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S&P500 | Daily Double Top | GTradingMethodUS 500 IndexPEPPERSTONE:US500GTradingMethodHello Traders. Welcome to today's trade idea by GTradingMethod. 🧐 Market Overview: I’ve opened a short on the cash500 (S&P 500) at 6521. All GTradingMethod variables have been met, which means this trade setup qualifies under my system. Additional confluences suggesting weaker buying strength include: - RSI making lower highs while price pushed higher highs. - Volume tapering off toward the latter part of the rally. - MACD on sell signal The only hesitation is that money flows have not decreased in the later stages of this move β€” but rules are rules. My edge is probability-based, so when my variables align, I must take the trade consistently. πŸ“Š Trade Plan: Risk/reward = 9.2 Entry price = 6520 Stop loss price = 6544 Take profit level 1 (50%) = 6370 Take profit level 2 (50%) = 6215 πŸ’‘ GTradingMethod Tip: A high RR doesn’t make a trade safer β€” it simply reflects how far the market could move relative to your risk. Always focus on process and probability, not just the potential payout. πŸ™ Thanks for checking out my post! Make sure to follow me to catch the next idea and please share your thoughts - I would like to hear them. πŸ“Œ Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.