Steady Trader Serge Berger will be keeping a close eye on the S&P 500 this week as he is looking for an opportunity to short the index after the FOMC announcement on Thursday.
The US equity index has been trading in a wide range since the big sell-off in August and in the mid-term could go either way, he says.
Berger looks in to the various ways to short the index such as options as well as the levels he is looking for. He will sell at 2010, with a stop at 2075 and his target for the trade is 1870.
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