Price has formed a bearish flag since April. The latest weeks bulls couldn't push the price higher and the sellers took control. It can break down at any moment, I opened a small short position, if it breaks down and closes under the flag resistance with high volume in the daily timeframe I'll add to the short. SP above $95.
Trade active:
Added, is breaking the support. I won't wait.
Trade active:
Still holding the short.
Trade active:
Holding, is going down now.
Trade closed: stop reached:
That hurt :(