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TradeWithAdam

DAYTRADE: Short the S&P with a tight stop!

Short
S&P 500 Index (SP:SPX)  
TradeWithAdam Updated   
SP:SPX   S&P 500 Index
Trend Analysis
3
0
trendanalysis
Let's take a shot shorting the S&P here @ 2930. See the chart above for my reasoning -- posting this quickly!

Short S&P @ 2930
Target 1: 2915
Target 2: 2890
Stop: 2940
Trade active
Trade closed: target reached:
Target 1 reached. High potential for target 2. I do not expect the market to sell off much more than target 2 in the short term, however.
Comment:
Target 2 Reached
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