sebatangbanana

$JPM Short - Double Top

Short
NYSE:JPM   JP Morgan Chase
Date - 3/24/2019

RL - 102.2
T - 85.00
S - 108.40
E - Close below 100

Risk vs Rewards - 2.77
wMA 10 - Broke Through wMA 10
Candlestick Pattern - Weekly Bearish Engulf
Closing Candle - Strong bearish candle
Last 15 minutes / Next Day - Ok
1st shot (Options - 180 Days) 50% - STUPID too soon
2nd shot (Options - 90 Days) 50% -

Entry Log -
Exit Log -

VIX - Bounce off Support at $12 - strong friday closing candle
Industry - Breakdown in financial
Market - SPX - at Support 2800 now Bearish piercing candle

Special Notes -
Rejection of MA 200 this week
Broke MA 50 as well
Pullback right at 0.618 on Fib
Rejection of wCloud
Financial all breakdown USB, WFC, GS,C
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