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krugman25
May 15, 2018 2:39 PM

A nice pin candle off of a key support line 

S&P 500SP

Description

A large bullish pin off of a key support trend line signaled buyers ready to step in and defend price. Price took off shortly afterward.

Comment

I never took this trade but I was long individual stock which benefited from this setup. One could have traded this as stocks through SPY, option w/ short puts on the SPY, or long futures on /ES.
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