Recently, we've had lower highs and lower lows after a huge rally. Currently, we have a bearish cypher at completion for a short term set-up. Price action could likely rally through the X point; however, I'll be looking to short the SPY for a short term trade. If we break above 2390, I will shift back to a bullish mindset. As always, follow your rules, and trade with caution. Good luck!
Trade closed: stop reached:
TP1 hit at 2350.
Exited second position right above 2365 level.
Exited second position right above 2365 level.